Friday, May 27, 2011

Bank Nifty Futures Trend for Next week

Today (27 may, 11') CNX Bank Index gained 254.35 points or 2.43 %. Amongst the banking stocks Allahabad Bank, Vijaya Bank and Central Bank of India lead the row.

Bank Nifty Futures closed at 10638.55 with the gain of 254.80 points or 2.45 %. It is looking bullish for the coming trading sessions if it manages to trade above the resistance level of 10682 else below support level of 10430 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10682 above this level the next resistance is seen near to the level of 10750.

SUPPORT: It has first support close to the level of 10430 & below this level the next support is seen near 10330 marks


Posted By Commodity MCX Tips