Thursday, February 17, 2011

Bank Nifty Intraday Levels for Friday 18 Feb 2011

Bank Nifty Futures closed at 11138.70, up 172.45 points or 1.57 %.In banking sector index scrip HDFC Bank and IDBI Bank lead the row. Indian Overseas Bank gained 6.85 points or 5.34 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11265 else below 10890 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11265 & above this level the next resistance is seen near the 11440 mark.

SUPPORT: It has first support close to the level of 10890 & below this level the next support is seen near 10700 marks.

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Posted By Commodity MCX Tips