Nifty PSU Bank Index

Nifty PSU Bank Index. As on 3 March 2021. CMP 2456. Posted at 11:30 am.

The rally is not complete.  Price is in a small wave iv correction that should yield new highs above 2660.

Notice how price just about touched resistance at 2660 before declining.  The 2660 ~ 2740 level could prove to be strong resistance going forward.

It is likely the larger uptrend has still a long way to go, but just a view at this time, and should not be considered for short term trading.