Friday, August 19, 2011

Bank Nifty Ooutlook- technical Levels for Monday (22 August 2011)

In banking, CNX Bank Index lost -196.65 points or -2.05 %. Amongst the banking stocks Punjab & Sind Bank, State Bank of Travancore and United Bank of India contributed the most to let Bank Nifty end with red mark.
Bank Nifty Futures shut stop at 9450 down by -121.30 points or -1.27 %. It is looking bearish in the coming trading session if it trades below the support level of 9275 else above resistance level of 9600 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 9600 & above this level the next resistance is seen near the 9990 mark.
SUPPORT: It has first support close to the level of 9275 & below this level the next support is seen near 9030- mark.


Posted By Commodity MCX Tips