Tuesday, May 24, 2011

Bank Nifty Technical Outlook for 25 May 2011

In banking, CNX Bank Index gained 57.30 points or 0.55 %. Amongst the banking stocks Yes Bank, Canara Bank and Oriental Bank of Commerce lead the row.

Bank Nifty Futures shut stop at 10428.85 up by 70.55 points or 0.68 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10525 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10525 above this level the next resistance is seen near to the level of 10545.
SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10210 marks.


Posted By Commodity MCX Tips