Bank Nifty Today Review and Technical View For Monday 25 April

 In banking, CNX Bank Index gained 100.20 points or 0.85 %. Amongst the banking stocks ING Vysya Bank, State Bank of India and Karur Vysya Bank lead the row. 

Bank Nifty Futures shut stop at 1194.95 up by 81.90 points or 0.69 It is looking bullish in the coming trading session if it manages to trade above the resistance level of 12050 else below support level of 11850 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 12050 above this level the next resistance is seen near to the level of 12480

SUPPORT: It has first support close to the level of 11860 & below this level the next support is seen near 11650 marks.

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CNX Bank Index Today and Technical Outlook for 3rd March

 The banking index CNX Bank Index gained 473.90 points. Among banking Yes Bank, Indus Ind Bank, Axis Bank, ICICI Bank up by more than 5 % each.
Bank Nifty Futures shut stop at 10916.90, up 473.90 points or 4.54 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11000 else below 10520 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11000 & above this level the next resistance is seen near to the level of 11325.

SUPPORT: It has first support close to the level of 10520 & below this level the next support is seen near 10370 marks.


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Bank Nifty Technical outlook for Wednesday 2 February 2011

Banking stocks and indices trades with bearish sentiment in today’s trading session Bank Nifty Futures closed at 10493.45, with loss of 178.65 points or 1.67%. Due to chaos related to the fear of rising interest rate and inflation resulted in out flow of FII money seen and panic selling Banking sector.  

Resistance – 10570/10730
Support – 10380/10100

Bank nifty is looking bearish in the coming trading session if it manages to break the support level of 10380 below this level it might test the level of 10100 else above 10570 aggressive buying can make it to test the level of 10730.

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Bank Nifty Outlook for 1 February 2011

Bank nifty had a volatile trading session it moved and remained in the range of 10440-10722. Bank Nifty Futures closed at 10660, up 24.05 points or 0.23 %.In bank sector Canara Bank, Bank of Baroda and Union Bank of India lead the row which made bank nifty to close into green. It is looking bearish in the coming trading session if it manages to trade below the support of 10385 else it has resistance at 10760 above this level it would be bullish in trend.

Resistance-It has first resistance close to the level of 10760 & after it may face the next resistance close to the level of 10850.
Support: It has first support close to the level of 10385 & after it may get the next support close to the level of 10270.

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Bank Nifty Tips : Trend For Tuesday 11 January 2010

Bank nifty future had continuous down fall from last week and closed near to it support level . One should wait for proper break out in it. Support for Bank nifty is at 10565/10300 and resistance is at 10964/11140.

 RESISTANCE: It has first resistance close to the level of 10964& above this level the next resistance is seen near the 11140 mark.
 
SUPPORT: It has first support close to the level of 10565 & below this level the next support is seen near 10300 marks.

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Bank Nifty Trend For Monday- technical Analysis

Bank Nifty had sharp fall in last trading session and If it breaks the level of 11040,  we can see more correction in it. One Should take position after proper break out in either side. Support for bank nifty is at 11041 /10920 and Resistance is at 11350/11445 levels.

RESISTANCE: It has first resistance close to the level of 11350 & above this level the next resistance is seen near the 11445 mark.

SUPPORT: It has first support close to the level of 11041 & below this level the next support is seen near 10920 marks.

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