Wednesday, February 16, 2011

Bank Nifty Day Trading Levels for 17 February 2011

Bank Nifty Futures closed at 10966.25, up 30.25 points or 0.28 %.In banking sector index scrip South India Bank and Axis Bank lead the row. Dhanlaxmi Bank and City Union Bank gained 4.62 % or 1.15 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11040 else below 10690 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11040 & above this level the next resistance is seen near the 11265 mark.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10480 marks.

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Posted By Commodity MCX Tips