Monday, May 9, 2011

Bank Nifty Futures View for 10 May 2011

In banking, CNX Bank Index lost -68.60 points or -0.62 %. Amongst the banking stocks Oriental Bank of Commerce, Vijaya Bank and Bank of India lead the row.

Bank Nifty Futures shut stop at 11083.50 down by -60.40 % points or -0.54 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.
SUPPORT: It has first support close to the level of 10950 & below this level the next support is seen near 10690 marks.


Posted By Commodity MCX Tips