Bank Nifty Support and Resistance for 19 July 2011

The Bank Nifty Index lost -5.70 points or -0.05 %. Amongst the banking index stocks Dhanlaxmi Bank, ICICI Bank and State Bank of Travancore lead the row.

Bank Nifty Futures settled at 11249.40 up by 3.25 or 0.03 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11085 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11200 & below this level the next support is seen near 10975 marks.

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