Tuesday, July 12, 2011

Bank Nifty Intraday Tips: Technical Outlook

In banking, CNX Bank Index lost -112.95 points or -1.01 % and closed at 11022.55 . Indus Bank, Indian Bank and yes Bank were the top gainers in banking stocks.

Bank Nifty Futures also dragged 0.73% and closed at 11058.80 which was -81.40 below its previous close. In the coming trading sessions if it manages to trade above 11110, it may see some upside momentum else below support level of 10975 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11110 above this level the next resistance is seen near to the level of 11200.
SUPPORT: It has first support close to the level of 10975 & below this level the next support is seen near 10810 marks.


Posted By Commodity MCX Tips