Wednesday, May 18, 2011

Bank Nifty View for 19 May 2011

CNX Bank Index lost -243.50 points or -2.23 %. Amongst the banking stocks Canara Bank, Dena Bank and State Bank of India 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 10520 else above resistance level of 10685 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10685 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10520 & below this level the next support is seen near 10370 marks.


Posted By Commodity MCX Tips