Monday, July 4, 2011

Share Market updates: Bank Nifty Futures Prediction for 5th July 2011

In banking, CNX Bank Index gained 124.80 points or 0.09 %. Amongst the banking stocks City Union Bank, Punjab National Bank and Kotak Mahindra Banks lead the row.

Bank Nifty Futures settled at 11415.30 rallying 119.80 or 1.06 %. In coming trading session if it manages to trade above the resistance level of 11450, it may continue its uptrend else below support level of 11350, Bank Nifty is likely to face a downfall.

RESISTANCE: It has first resistance close to the level of 11450 above this level the next resistance is seen near to the level of 11780.
SUPPORT: It has first support close to the level of 11350 & below this level the next support is seen near 11090 marks.


Posted By Commodity MCX Tips