Tuesday, May 3, 2011

Bank Nifty Futures Trend for 4 May 2011

CNX Bank Index lost -345.50 points or -3.07 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10918.85 down by -365.15 points or -3.24 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10860 else above resistance level of 11380 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11380 above this level the next resistance is seen near to the level of 11590.
SUPPORT: It has first support close to the level of 10860 & below this level the next support is seen near 10690 marks.


Posted By Commodity MCX Tips