Monday, June 20, 2011

Bank Nifty Futures- Technical Outlook (21 June 2011)

In banking, CNX Bank Index lost -113.95 points or -1.08 %. Amongst the banking stocks Development Credit Bank, Karnataka Bank and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10502.40 down by -120.20 points or -1.13 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10650 above this level the next resistance is seen near to the level of 10850.

SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10090 marks


Posted By Commodity MCX Tips