Wednesday, April 20, 2011

Bank Nifty Futures- trend for tomorrow 21 April 2011

In banking, CNX Bank Index gained 207.80 points or 1.79 %. Amongst the banking stocks Kotak Mahindra Bank, Vijaya Bank, Axis Bank lead the row.

Bank Nifty Futures shut stop at 11856 up by 223.70 points or 0.92 It looking bullish in the coming trading session if it manages to trade above the resistance level of 11945 else below support level of 11650 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11735 above this level the next resistance is seen near to the level of 12050
SUPPORT: It has first support close to the level of 11650 & below this level the next support is seen near 11510 marks.


Posted By Commodity MCX Tips