Thursday, May 5, 2011

Bank Nifty Futures: Trend for 6 May 2011

In banking, CNX Bank Index lost 183.25 points or -1.68 %. Amongst the banking stocks Punjab National Bank, ING Vysya Bank and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10748.45 down by 79.65 % points or 1.44 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10690 else above resistance level of 11010 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11010 above this level the next resistance is seen near to the level of 11380.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10520 marks.


Posted By Commodity MCX Tips