Monday, July 11, 2011

Bank Nifty Futures: Trend For 12 July

In banking, CNX Bank Index lost 149.65 points or 1.33 %. Amongst the banking index stocks Axis Bank, Vijaya Bank and Canara Bank lead the row.

Bank Nifty Futures finally settled at 11145.60 down by -176.95 or 1.56 %. For upside the crucial level for bank nifty is  11300 above which Bank Nifty is looking bullish else below support level of 11090 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11090 & below this level the next support is seen near 10990 marks.


Posted By Commodity MCX Tips