Tuesday, April 5, 2011

Bank Nifty Outlook for 6th April 2011

CNX Bank Index lost -5.40 points or -0.05 %. Amongst the banking stocks Vijaya Bank, Uco Bank and Syndicate Bank lead the row.

Bank Nifty Futures shut stop at 11845.10 up by +39.85 points or +0.34 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11728 & below this level the next support is seen near 11580 marks.


Posted By Commodity MCX Tips