PSU BANKS FOR THE SHORT TERM - If you bought PSU Banks in the past 10-15 days, let them go. The immediate term is weak. There may be more losses. PSU Banks are NOT a Day Trade. Avoid
If you bought PSU banks 3-4 months ago, you have significant profits. The supports of such banks are so far away that the charts will not show a change of short term trend as of now. Having said that, if the Index is going to 5400 which I believe is likely if ETF flows stop, the short term trend for PSU Banks is at significant risk. Avoid. If you have them as long term holds, it is fine
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If you bought PSU banks 3-4 months ago, you have significant profits. The supports of such banks are so far away that the charts will not show a change of short term trend as of now. Having said that, if the Index is going to 5400 which I believe is likely if ETF flows stop, the short term trend for PSU Banks is at significant risk. Avoid. If you have them as long term holds, it is fine
TO CONTINUE ACCESS TO THIS FORUM, PLEASE REGISTER. YOU CAN REGISTER AT http://www.ashudutt.com/userregistration.aspx . REGISTRATION IS FREE
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