Market out look dated 14th


PSU BANKs STOCKS

Today sharp rally seen in due to extreme over sold zone and positive news by Bank of India with heavy volume. Following stocks are highly over sold and RSI is trading below 10 and even 5, so the current level any short sell will be dangerous and smart pull back can not be ruled out as today did.

Please find RSI of PSU Bank stocks

SBI………………….BELOW 10
BOB………………..15
CAN BANK…………………….7
INDIAN BANK………………13
PNB…………………………6
UNION BANK…………………..6
OBC……………….7.52
BANK OF INDIA…………….7

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