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NIFTY PSU BANK

Nifty PSU Bank Outlook for the Week (April 03, 2023 – April 07, 2023)

Check Nifty PSU Bank Index Full Analysis At Unicorn Signals

Nifty PSU Bank Weekly Outlook and Analysis:

For the Week: (April 03, 2023 – April 07, 2023)

Nifty PSU Bank Outlook for the Week (April 03, 2023 – April 07, 2023)

NIFTY PSUBANK Index closed the week on positive note gaining 150.50 points 4.22%.                

Weekly High: 3,772.85

Weekly Low: 3,528.75

Weekly Close: 3,716.15

Weekly Support & Resistance For Nifty PSU Bank Index:

RESISTANCE 23,916                                                  
RESISTANCE 13,816 
SUPPORT 13,572 
SUPPORT 23,428 
Nifty PSU Bank Outlook for the Week (April 03, 2023 – April 07, 2023)

Technically on the daily charts we see minor support on the downside for NIFTY PSU BANKS index lies at 3,635 levels, where as minor resistance on the upside is capped around 3,775-3,800 levels.

If NIFTY PSU BANKS index breaches minor support on the downside and closes below it, we may see fresh break down and index can drag towards major support on lower side around 3,525 and if breaches minor resistance on the upside and closes above it, we may see fresh breakout and index can head towards higher levels around 3,900.

Currently NIFTY PSU BANKS index is trading above 200 days exponential moving average and suggests long term trend is bullish. EquityPandit’s analyst predicts range for the week is seen from 3,575 on downside and 3,850 on upside.

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