Friday, May 20, 2011

Bank Nifty View for Next Week (Monday 23 May)

CNX Bank Index gained 105.75 points or 1 %. Amongst the banking stocks Lakshmi Vilas Bank, UCO Bank and Bank of India lead the row.
Bank Nifty Futures shut stop at 10666.25 up by 120.65 points or 1.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10745 else below support level of 10510 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10745 above this level the next resistance is seen near to the level of 10980.
SUPPORT: It has first support close to the level of 10510 & below this level the next support is seen near 10370 marks.


Posted By Commodity MCX Tips