Monday, March 14, 2011

Bank Nifty View for today and Trend for 15 March

CNX Bank Index lost 152.30 points or 1.42 %. Amongst the banking stocks Union Bank of India, Allahabad Bank and Oriental Bank of India lead the row.

Bank Nifty Futures shut stop at 10970.05 down 195.35 points or 1.81 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11095 else below 10750 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11095 & above this level the next resistance is seen near to the level of 11155.
SUPPORT: It has first support close to the level of 10750 & below this level the next support is seen near 10650 marks.

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Posted By Commodity MCX Tips