Tuesday, July 19, 2011

Bank Nifty Tips: Market Prediction for 20 July

CNX Bank Index gained 85 points or 0.76 % on Tuesday. ING Vysya Bank, State Bank of Bikaner & Jaipur and Vijaya Bank were the top gainers in Bank Nifty.

Bank Nifty Futures On Tuesday rallied 97.60  and settled at 11347 up by 0.87 %. Now If it trades above the resistance level of 11405, it may see some more upside levels 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 11080 marks.


Posted By Commodity MCX Tips