Saturday, May 14, 2011

Bank Nifty Futures For Monday 16 May 2011

CNX Bank Index lost -171.60 points or -1.55 % on yesterday's trading session.  Allahabad Bank, ING Vysya Bank and yes bank were the top gainers in Bank Shares.

Bank Nifty yesterday closed at 10875.30 down by 164.25 points or -1.55 %
.It is still seems to be bearish in near term  if it is able to sustain below the support level of 10780. 

Above resistance level of 11120 it might catch the rally. 

RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10780& below this level the next support is seen near 10690 marks


Posted By Commodity MCX Tips