Monday, May 2, 2011

INTRADAY BANK NIFTY TIPS FOR 3 May 2011

In banking, CNX Bank Index lost -239.95 points or -2.09 %. Amongst the banking stocks Bank of India, Vijaya Bank and United Bank of India lead the row.

Bank Nifty Futures shut stop at 11284 down by -227.75 points or -1.98 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11225 else above resistance level of 11590 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11590 above this level the next resistance is seen near to the level of 11775.
SUPPORT: It has first support close to the level of 11225 & below this level the next support is seen near 11150 marks.

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Posted By Commodity MCX Tips