Friday, February 11, 2011

Bank Nifty Outlook for Next Week (Monday 14 February 2011)

Bank Nifty Futures closed at 10465, up 370.25 points or 3.67 %.In banking sector index heavy weighted PNB, ICICI, AXIS lead the row. South Indian bank and ING Vysya Bank gained 7.10 % or 6.51 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10515 else below 10010 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10515 & above this level the next resistance is seen near the 10800 mark. 

SUPPORT: It has first support close to the level of 10010 & below this level the next support is seen near 9950 marks.


Posted By Commodity MCX Tips