Friday, March 4, 2011

Bank Nifty Levels for Monday 7 March 2011

In banking, CNX Bank Index gained 48.90 points or 0.45 %. Banking Sector continued their post-Budget rally for the third consecutive session. Axis ahead by 1.41 %, Oriental Bank of Commerce 1.14 % and HDFC Bank added 1.14 %.

Bank Nifty Futures shut stop at 10967.15, up 19.85 points or 0.18 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11184 else below 10780 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11184 & above this level the next resistance is seen near to the level of 11325
SUPPORT: It has first support close to the level of 10780 & below this level the next support is seen near 10520 marks.

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Posted By Commodity MCX Tips