PNB, Bank of Baroda: 5 stocks in PSU Bank index that can rally up to 17%

Bank of Baroda shares hit a new 52-week high and are course to achieve all-time high

Nifty PSU Bank index has surged close to 8 per cent in last three sessions, setting five months high surpassing previous significant barrier. Technically, the current momentum indicates a rally to reach a new all-time high. 

On Tuesday, Punjab National Bank and Bank of India both soared over 3 per cent, while Bank of Baroda and Canara Bank gained 2 per cent, respectively. Nifty PSU Bank index was seen trading robustly, up 1.81 per cent.

Technically charts of selective banks reveal a resilient momentum that could see new highs in the coming sessions. 

Here’s the technical outlook of Nifty PSU