Update on technical levels of PSU Banks
1. State Bank of India
Support at 300 and Resistance at 325
Above 325 rally remain continue till 340---355+++ mark in days to come else could touch its support level of 300 again.
Fresh selling can be initiated below 300 on closing basis
2. PNB
Support at 162 and Resistance at 180
Above 180 rally remain continue till 186. Two consecutive close above 186 will see sharp upside rally till 198---205+++ mark in days to come else it could test its support again
Fresh selling can be initiated below 162 on closing basis
3.Andhra Bank
Support at 57 and Resistance at 61
Break and close above 61 will take it to 65---67+++ mark in days to come else could touch its support level of 57 again.
Fresh selling can be initiated below 57 on closing basis
4.Syndicate Bank
Support at 80.00 and Resistance at 88.00
Close above 88.00 will see sharp upside rally till 94---97 and then to 102+++ mark in days to come else it could touch its support level of 80.00 again.
Fresh selling can be initiated below 80.00 on closing basis
5. Canara Bank
Support at 340 and Resistance at 370
Close above 370 will take to 398---405+++ else could touch its support level of 341 again.
Fresh selling can be initiated below 341 on closing basis.
6. Bank of India
Support at 168 and Resistance at 185
Close above 185 will take to 203---208+++ mark else it could touch its support level of 168 again.
Fresh selling can be initiated below 168 on closing basis
7.Karnataka Bank
Support at 143 and Resistance at 153
Break and close above 153 will take it to 160---162+++ mark in days to come else could touch its support level of 143 again.
Fresh selling can be initiated below 143 on closing basis.
8. Allahabad Bank
Support at 69 and Resistance at 75.50---78.00
Trade within a range ... Looks choppy at this stage
9.Bank of Baroda
Support at 155 and Resistance at 171.50
Break and sustain above 171.50 will take it to 188---192+++ mark in days to come else could touch its support level of 155 again.
Fresh selling can be initiated below 155 on closing basis.
10. IDBI Bank
Support at 56.50 and Resistance at 60.00
Break and sustain above 60.00 will take it to 64.00---65.50+++ mark in days to come else could touch its support level of 56.50 again.
Fresh selling can be initiated below 56.50 on closing basis.
11.Union Bank Of India
Support at 141 and Resistance at 156
Break and sustain above 156 will take it to 171---175+++ mark in days to come else could touch its support level of 141 again.
Fresh selling can be initiated below 141 on closing basis.
12.Oriental Bank of Commerce
Support at 115 and Resistance at 125
Break and sustain above 125 will take it to 135---145+++ mark in days to come else could touch its support level of 115 again.
Fresh selling can be initiated below 115 on closing basis.
13. Indian Bank
Support at 362 and Resistance at 397
Break and sustain above 397 will take it to 428---435+++ mark in days to come else could touch its support level of 362 again.
Fresh selling can be initiated below 362 on closing basis.
More will update soon!!!
