Friday, July 22, 2011

Bank Nifty Tips: Intraday Technical Outlook (25 July 2011)

In banking, CNX Bank Index gained 242.15 points or 2.19 %. Amongst the banking index Union Bank of India, Axis Bank and ICICI Bank lead the row.

Bank Nifty Futures closed at 11310.60 up by 243.15 or 2.20 %. It is looking positive in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 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 11110 & below this level the next support is seen near 10975 marks.


Posted By Commodity MCX Tips