Thursday, February 24, 2011

Bank Nifty Trading Levels for tomorrow

A severe battering in banking sector made Bank Nifty Futures shut stop at 10210.60, down by -455.05 or 4-4.27 %. The State Bank of Travancore, State Bank of Mysore and State Bank of Bikaner & Jaipur were down by 12.68 %, 10.89 % and 10.48 % respectively. It is looking bearish in the coming trading session if it manages to trade below the support level of 10135 else above 10520 it would be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 10520 & above this level the next resistance is seen near the 10640 mark.
SUPPORT: It has first support close to the level of 10135 & below this level the next support is seen near 10030 marks.


Posted By Commodity MCX Tips