THE INDEX HAVING TESTED CRUCIAL SUPPORT ZONE AROUND 2950 TODAY GAVE A VERY FIRM CLOSE ABOVE ITS IMMEDIATE RESISTANCE ZONE OF 3100. WE SENSE RSI IS SHOWING BULLISH FAILURE SWING WHICH IS A QUITE RELIABLE REVERSAL PATTERN. SO WE ARE NOW OF THE OPINION THAT PSU BANKS MAY CONTINUE TO SHOW STRENGTH IN NEAR TERM AND THE INDEX COULD KISS 3375 LEVELS.
