Friday, June 25, 2010

Bank Nifty Tips- IDBI And Axis Bank Technical View

After making low of 105.80 IDBI Bank is continuously in an uptrend now it is moving sideways from last few trading session it has resistance at 120 and support at 116.Once it manage to cross the level of 120 it would in a bullish trend below 116 it would might face selling pressure which make it in a bearish trend.

After making low of 662.15 which is 52 week low Axis Bank is continuously moving in an upward trend and now it is in a consolidation phase. Once it manage to cross level of 1277.10 it would in a upward trend below 1225 it would might face selling pressure and we can see it in a downward trend.


Posted By Commodity MCX Tips