Wednesday, August 24, 2011

Bank Nifty Tomorrow : Market updates (25 August 2011)

In banking, CNX Bank Index lost -156.85 points or -1.65 %. Amongst the banking stocks Federal Bank, Oriental Bank of Commerce and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures closed at 9318.60 down by -161.70 points or -1.71 %. It is looking bearish in the coming trading session if it trades below the support level of 9230 else above resistance level of 9420 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 9420 & above this level the next resistance is seen near the 9600 mark.
SUPPORT: It has first support close to the level of 9230 & below this level the next support is seen near 9030 mark.


Posted By Commodity MCX Tips