Wednesday, July 6, 2011

Bank Nifty Futures: Technical outlook for 7th June 2011

In banking, CNX Bank Index lost -123.05 points or -1.08 %. Amongst the banking stocks Canara Bank, UCO Bank and Lakshmi Vilas Banks lead the row.

Bank Nifty Futures shut stop at 11317.80 down by -134.25 or -1.17 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11480 else below support level of 11280 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11480 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11280 & below this level the next support is seen near 11090 marks.


Posted By Commodity MCX Tips