On 4th March 2025, the NiftyPSUBank index surged over 1.5% intraday, breaking a six-day losing streak. The index had declined as much as 31.33% from its peak, signaling significant weakness. Despite the recent surge, the index is still in a descending peak formation, which suggests continued bearish sentiment. Traders are now questioning whether this short-term rally marks the beginning of a rebound or if the index will continue its downward trajectory. Will the NiftyPSUBank index reverse its trend or extend its downside rally? Only time will tell.
UCOBANK surged over 2% Today.
Disclaimer:
This post is for educational purposes only and does not constitute investment advice.
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