Thursday, September 15, 2011

Bank Nifty Tips for 16 September 2011

In banking, CNX Bank Index gained 187.90 points or 1.98 %. Amongst the banking index stocks State Bank of India, Kotak Mahindra Bank and Canara Bank lead the row.
Bank Nifty Futures shut stop at 9519 up by 39.75 points or 0.42 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 9740 else below support level of 9375 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 9740 above this level the next resistance is seen near to the level of 9990.

SUPPORT: It has first support close to the level of 9375 & below this level the next support is seen near 9250 marks.


Posted By Commodity MCX Tips