Wednesday, July 13, 2011

Market Trend- Bank Nifty Outlook for 14 July 2011

In banking, CNX Bank Index gained 119.70 points or 1.09 %. Amongst the banking index stocks Indus Bank, Indian Bank and yes Bank lead the row.

Bank Nifty Futures shut stop at 11170.30 up by 111.50 or 1.01 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11300 else below support level of 10970 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11300 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10810 marks.


Posted By Commodity MCX Tips