Monday, February 7, 2011

Bank Nifty Closing and Trend For 8th Feb tomorrow


Bank Nifty Futures closed at 10399, down 23.80 points or 0.23 %.In bank sector some of stocks was down by 2%- 5%, PNB, Central Bank of India, Oriental Bank of Commerce lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

RESISTANCE: It has first resistance close to the level of 10760 & above this level the next resistance is seen near the 10850 mark.
SUPPORT: It has first support close to the level of 10340 & below this level the next support is seen near 10272 marks.

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Posted By Commodity MCX Tips