Intraday Bank Nifty Outlook for 23 March 2011

In banking, CNX Bank Index gained 7.70 points or -0.07 %. Amongst the banking stocks Dhanlaxmi Bank, Karur Vysya Bank and Yes Bank lead the row.

Bank Nifty Futures shut stop at 10771.30 up 47.70 points or 0.44 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10865 else below 10690 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 10865 above this level the next resistance is seen near to the level of 10970
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10610 marks.

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Bank Nifty Futures Tomorrow 17 March 2011

In banking, CNX Bank Index gained 231.80 points or 2.16 %. Amongst the banking stocks Central Bank, Yes Bank and Canara Bank lead the row

Bank Nifty Futures shut stop at 10983 down 260.40 points or 2.43 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11025 else below 10775 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11025 & above this level the next resistance is seen near to the level of 11155
SUPPORT: It has first support close to the level of 10775 & below this level the next support is seen near 10610 marks.

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Bank Nifty Technical Outlook for 16 March

In banking, CNX Bank Index lost 167.45 points or -1.54 %. Amongst the banking stocks ICICI Bank, Kotak Mahindra Bank and VIjaya Bank turned into red.

Bank Nifty Futures shut stop at 10740.65 down 207.60 points or -1.90 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 10610 else above 10850 it might be in an bullish trend.

RESISTANCE: It has first resistance close to the level of 10805 & above this level the next resistance is seen near to the level of 10975
SUPPORT: It has first support close to the level of 10610 & below this level the next support is seen near 10520 marks.

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