Thursday, May 12, 2011

Bank Nifty Futures Today And Prediction for Tomorrow

CNX Bank Index lost -171.60 points ( -1.55 %) . Amongst the banking stocks Allahabad Bank, Yes Bank and ING Vysya Bank lead the row.

HDFC, ICICI Bank, SBI, HDFC Bank shares Caused the Bank Nifty to batter down.

Bank Nifty Futures shut stop at 10875.30 down by 164.25 points or -1.55 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10780 else above resistance level of 11120 it would be in an upward trend.

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