Friday, July 8, 2011

Market Updates- Bank Nifty Futures Technical Outlook For Monday (11th July 2011)

CNX Bank Index rallied 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State B ank of India lead the row.

Bank Nifty Futures closed at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.


Posted By Commodity MCX Tips