Friday, April 29, 2011

Bank Nifty Futures For Monday 2 May 2011

In banking, CNX Bank Index lost -201.05 points or -1.72 %. Amongst the banking stocks UCO Bank, Oriental Bank of Commerce and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 11511.75 down by -250.70 points or -2.13 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11430 else above resistance level of 11775 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11775 above this level the next resistance is seen near to the level of 11870.
SUPPORT: It has first support close to the level of 11430 & below this level the next support is seen near 11330 marks.



Posted By Commodity MCX Tips