Thursday, April 7, 2011

Bank Nifty Trading Tips for 8 April 2011

AprilIn banking, CNX Bank Index gained 24.35 points or 0.21 %. Amongst the banking stocks ING Vysya, Yes Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.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 11684 & below this level the next support is seen near 11580 marks.


Posted By Commodity MCX Tips