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NIFTY PSU BANK

Nifty PSU Bank Outlook for the Week (Dec 26, 2022 – Dec 30, 2022)

Check Nifty PSU Bank Index Full Analysis At Unicorn Signals

Nifty PSU Bank Weekly Outlook and Analysis:

For the Week: (Dec 26, 2022 – Dec 30, 2022)

Nifty PSU Bank Outlook for the Week (Dec 26, 2022 – Dec 30, 2022)

Check Nifty PSU Bank Index Full Analysis At Unicorn Signals

NIFTY PSUBANK Index closed the week on negative note losing 445.45 points 10.28%.                

Weekly High: 4,409.90

Weekly Low: 3,864.80

Weekly Close: 3,888.60

Weekly Support & Resistance For Nifty PSU Bank Index:

RESISTANCE 24,599                                     
RESISTANCE 14,244 
SUPPORT 13,698 
SUPPORT 23,509
Nifty PSU Bank Outlook for the Week (Dec 26, 2022 – Dec 30, 2022)

Technically on the daily charts we see minor support on the downside for NIFTY PSU BANKS index lies at 3700 levels, where as minor resistance on the upside is capped around 4100-4150 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 3450 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 4250.

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 3500 on downside and 4200 on upside.

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