Tuesday, February 8, 2011

Bank Nifty Future Tips : Support and Resistance for 9th February


Bank Nifty Futures closed at 10160, down 215.65 points or 2.08 %.In bank sector some of stocks was down by 3%- 6%, ING Vysya, Kotak Mahindra Bank, united bank of India lead the row. It is looking bearish in the coming trading session if it manages to trade below the support of 10095 else it has resistance at 10430 above this level it would be bullish in trend.

RESISTANCE: It has first resistance close to the level of 10430 & above this level the next resistance is seen near the 10600 mark.

SUPPORT: It has first support close to the level of 10095 & below this level the next support is seen near 9950 marks.

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Posted By Commodity MCX Tips