Friday, July 29, 2011

Bank Nifty Tips for Monday ( 1st August 2011)

In banking, CNX Bank Index gained 65.15 points or 0.60 %. Amongst the banking index Dena Bank, Axis Bank and Syndicate Bank lead the row.

Bank Nifty Futures ended at 10926.50 up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10760 else above resistance level of 10980 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10980 above this level the next resistance is seen near to the level of 11130.
SUPPORT: It has first support close to the level of 10760 & below this level the next support is seen near 10600 marks.


Posted By Commodity MCX Tips