Thursday, May 19, 2011

Bank Nifty Futures: Intraday Levels for tomorrow 20 May 2011

In banking, CNX Bank Index lost -40.70 points or -0.38 %. Amongst the banking stocks State Bank of Travancore, Dena Bank and Allahabad Bank lead the row.

Bank Nifty Futures shut stop at 10545.60 down by -52 points or -0.49 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10510 else above resistance level of 10685 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10685 above this level the next resistance is seen near to the level of 10940.
SUPPORT: It has first support close to the level of 10510 & below this level the next support is seen near 10370 marks


Posted By Commodity MCX Tips