Aug 2, RBI's monitory policy meeting, if they hold rates, then it is high chance of market correction for PSU banks, Private banks look they are doing business in different planet.
As per technical views, All PSU banks will give up the last 3 weeks gain, and can make new 52 weeks low.
I am looking to en-cash the opportunity and going to buy some puts on AUG 2 after 2.30 pm.
SBI, BOB, PNB , CANBK , FEDERAL BANK - BANK NIFTY SHARES
UNION BANK, BANKINDIA - MID CAP BANKS
ALBK, ANDHRABANK, SYNIDCATE, INDIAN BANK. - SMALL CAP BANKS IN F&O
Axis bank in pvt space is not looking good.
Good Luck ...
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