Bank Nifty - Technical update

Bank Nifty - Technical update 1) Bank nifty chart - daily 2) We broke 50 SMA - Major support near 57300-57400 now 3) We also broke 40 RSI on daily chart 4) Crude price surge is creating pressure on India's Fiscal Deficit and this will have big impact on banking as well specially PSU Banks 5) However, for Investors PSU Banks stocks which are industry leader can be a good buy for long term 6) Stock to keep on radar -

7) All this is for information. This is not a buy/sell recommendation. Thank you, Technofunda24