Thursday, July 21, 2011

BankNifty Updates: Indian Market for 22 July

Bank Nifty futures Lost 114.90 Points or 1.03%. and closed at 11049.80. Kotak Mahindra Bank, Axis, PNB and INDBI were the tip looser in banking stocks.

Bank Nifty Futures also dropped almost 1% and settled at 11077 with a loss of 102.45 points. On the downside 10970 is looking very crucial level for bank nifty because if BankNifty trades below the same it may see some serious sell offs. To negate the bearish view 11230 will act as major resistance level for upside.


Posted By Commodity MCX Tips