Thursday, February 10, 2011

Bank Nifty Today Review and Trend for tomorrow

Bank Nifty Futures closed at 10095, down 35.95 points or -0.35 %.In banking sector index heavy weighted SBI and PNB weakened by 86.90 or -3.37 % and 10.95 or -1.05 % respectively. Bank like United Bank of India and ING Vysya bank lead the row with 6.73 % or 3.99 % up respectively. It is looking bearish in the coming trading session if it manages to trade below the support level of 10010 else above 10325 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10325 & above this level the next resistance is seen near the 10430 mark.

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

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Posted By Commodity MCX Tips