Nifty PSU Bank has crossed above 12 year strong horizontal resistance line and given a strong weekly closing. BOB,BOI,PNB,Union Bank of India , SBI and Canara Bank all are doing good. Above the blue trend line it may boom to new highs.
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511 points move so far. Now the index is near the 2010 top ( the upper most horizontal green line ). A caution is must now.
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It has broken 13 year long horizontal resistance line today.