Nifty PSU sets sight on a new 52-wk high; 5 stocks that can rally up to 25%

After nine long years, the MACD on monthly chart for Indian Overseas Bank has crossed the zero line

The shares of Public Sector Banks were in limelight today, after yet another bank (Indian Overseas Bank) moved out fo the RBI's PCA framework. Now, only Central Bank of India is under the RBI watchlist. Manwhile, Indian Overseas Bank and Central Bank of India surged over 10 per cent each, while Bank of Maharashtra rallied 8 per cent.

The Nifty PSU bank index seems to be heading towards its 52-week high of 2,660 with maximum banks showing positive outlook for the coming trading sessions.

NIFTY PSU BANK
Likely target: 2,660
Upside potential: 5%

Whenever the Nifty