Article
SWINGTraderIndia - Nifty PSU Bank Index Analysis
Written by MarketSmith India
rnNifty PSU Bank Index has formed a bullish continuation pattern on weekly charts, with “Relative Strength Line” breaking out above the downward sloping trendline. Also, this index is trending above 50- and 200-DMA, with a “Golden Cross Over” on the daily chart, which in turn, indicates a bullish trend in this space.
rnFurther analysis of sectoral components (stocks) indicates bullish trends. The stocks which have the highest weightage in this sectoral index, like SBIN, BANKBARODA, PNB, CANBK, and UNIONBANK, are showing a bullish trend, and we expect all these stocks to generate positive returns in the next few weeks and months.
rnRelated Articles:rnSwingTrader India Monthly Big Picture - May 6th 2021rnRecent Key Highlights from RBI Governor’s Speech undefined
For more details Please visit:
SWINGTraderIndia - Nifty PSU Bank Index AnalysisStock Market Research
https://marketsmithindia.com
Article author
About the Author
MarketSmith India – Stock Market Analysis – Stock Invest Advisory Platform
Further reading
Further Reading
4 total
Website
7 Park Avenue Financial
Canadian Business Financing
September 13, 2026
Article
Leverage Working Capital Factoring to Fuel Your Business Expansion
When customers take 30, 60, or 90 days to pay, even a profitable company can face pressure meeting payroll and supplier obligations
September 13, 2026
Article
Account Receivables Factoring: A Canadian Business Guide
When cash flow tightens, account receivables factoring often becomes the difference between meeting payroll and missing opportunities.
September 6, 2026
Article
Purchase Order Finance: How Canadian Businesses Fund Confirmed Orders
A large customer order should feel like a win—not a cash-flow emergency. Purchase order finance can help you pay suppliers before delivery, allowing confirmed orders to move forward when cash or bank credit is unavailable.
September 5, 2026