Tuesday, May 17, 2011

Bank Nifty Intraday Leves for 18 May 2011

In banking, CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks State Bank of India, Bank of Baroda and Vijaya Bank lead the row.

Bank Nifty Futures shut stop at 10661.05 down by -210.25 points or -1.93 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10585 else above resistance level of 10940 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10940 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 10585 & below this level the next support is seen near 10370 marks.


Posted By Commodity MCX Tips