Friday, March 11, 2011

Bank Nifty Trend Next Week (Monday 14 March 2011)

In banking, CNX Bank Index lost 109.30 points or -1.01 %. Amongst the banking stocks Allahabad Bank, Dhanlaxmi Bank lead the row.

Bank Nifty Futures shut stop at 10790, down -88.90 points or -0.82 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10650 else above 10925 it might be in a bullish trend.

RESISTANCE: It has first resistance close to the level of 10925 & above this level the next resistance is seen near to the level of 11090.
SUPPORT: It has first support close to the level of 10650 & below this level the next support is seen near 10520 marks.


Posted By Commodity MCX Tips