Friday, May 6, 2011

Bank Nifty Levels for Monday 9 May 2011

In banking, CNX Bank Index gained 415 points or 3.87 %. Amongst the banking stocks Union Bank of India, Oriental Bank of commerce and yes Bank lead the row.

Bank Nifty Futures shut stop at 11143.90 up by 395.45 points or 3.68 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11775 else below support level of 10788 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11775 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 10788 & below this level the next support is seen near 10520 marks.


Posted By Commodity MCX Tips