Wednesday, April 6, 2011

Bank Nifty Position for April 7, 2011

In banking, CNX Bank Index lost -76.40 points or -0.64 %. Amongst the banking stocks Indian Oversea Bank, Yes Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 11785.05 down by -76.40 points or -0.64 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11728 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