Wednesday, May 4, 2011

Intraday Bank Nifty Levels for 5th May 2011

In banking, CNX Bank Index gained 15.05 points or -0.14 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10938.05 up by 19.20 % points or 0.18 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10830 else above resistance level of 11050 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11050 above this level the next resistance is seen near to the level of 11380.
SUPPORT: It has first support close to the level of 10830 & below this level the next support is seen near 10610 marks.


Posted By Commodity MCX Tips