SBI, Indian Bank: These PSB stocks are likely to rise, show charts

The government may infuse Rs 20,000 crore through the recapitalisation of bonds into state-owned banks.

Most public sector bank (PSB) stocks were trading in the red in the morning deals on Tuesday, a day after reports said that the government may infuse Rs 20,000 crore through recapitalisation of bonds into state-owned banks in the fourth quarter of the current fiscal year. READ MORE

Nifty PSU Bank index traded nearly 0.5 per cent lower at 1,429 levels with 7 out of 12 constituents trading in the red. 

Let's take a look at what charts indicate for the Nifty PSU Bank index and some of its constituents.

NIFTY PSU BANK: Till the index is trading