Tuesday, March 8, 2011

Bank Nifty Tips: Intraday Levels for Wednesday 9th March 2011

In banking, CNX Bank Index gained 149.30 points or -1.38 %. Amongst the banking stocks Canara Bank and oriental of Commerce lead the row.

Bank Nifty Futures shut stop at 10984.50, up 176 points or 1.63 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 10790 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11155 & above this level the next resistance is seen near to the level of 11325.

SUPPORT: It has first support close to the level of 10790 & below this level the next support is seen near 10650 marks.

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