Tuesday, March 1, 2011

CNX Bank Index Today and Technical Outlook for 3rd March

 The banking index CNX Bank Index gained 473.90 points. Among banking Yes Bank, Indus Ind Bank, Axis Bank, ICICI Bank up by more than 5 % each.
Bank Nifty Futures shut stop at 10916.90, up 473.90 points or 4.54 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11000 else below 10520 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11000 & above this level the next resistance is seen near to the level of 11325.

SUPPORT: It has first support close to the level of 10520 & below this level the next support is seen near 10370 marks.


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Posted By Commodity MCX Tips