Bank Nifty Tips: Intraday Technical Outlook (25 July 2011)

In banking, CNX Bank Index gained 242.15 points or 2.19 %. Amongst the banking index Union Bank of India, Axis Bank and ICICI Bank lead the row.

Bank Nifty Futures closed at 11310.60 up by 243.15 or 2.20 %. It is looking positive in the coming trading session if it manages to trade above the resistance level of 11405 else below support level of 11110 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11405 above this level the next resistance is seen near to the level of 11500.
SUPPORT: It has first support close to the level of 11110 & below this level the next support is seen near 10975 marks.

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Bank Nifty Levels for Monday 9 May 2011

In banking, CNX Bank Index gained 415 points or 3.87 %. Amongst the banking stocks Union Bank of India, Oriental Bank of commerce and yes Bank lead the row.

Bank Nifty Futures shut stop at 11143.90 up by 395.45 points or 3.68 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11775 else below support level of 10788 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11775 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 10788 & below this level the next support is seen near 10520 marks.

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INTRADAY BANK NIFTY TIPS FOR 3 May 2011

In banking, CNX Bank Index lost -239.95 points or -2.09 %. Amongst the banking stocks Bank of India, Vijaya Bank and United Bank of India lead the row.

Bank Nifty Futures shut stop at 11284 down by -227.75 points or -1.98 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11225 else above resistance level of 11590 it would be in a upward trend.

RESISTANCE: It has first resistance close to the level of 11590 above this level the next resistance is seen near to the level of 11775.
SUPPORT: It has first support close to the level of 11225 & below this level the next support is seen near 11150 marks.

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Bank Nifty Levels : Technical View

In banking, CNX Bank Index gained 43.25 points or 0.40 %. Amongst the banking stocks Oriental Bank of Commerce, Indian Oversea Bank lead the row.

Bank Nifty Futures shut stop at 10973, down 11.50 points or -0.10 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 10790 it might be in a bearish trend.

RESISTANCE: It has first resistance close to the level of 11155 & above this level the next resistance is seen near to the level of 11280
SUPPORT: It has first support close to the level of 10790 & below this level the next support is seen near 10650 marks.

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Bank Nifty Futures For Tomorrow

Bank nifty future move under rang of 11700-11250 from last few trading session. If it manages to sustain above 11700 levels We can see more up move from here .One should take long position above 11700 level .Resistance for bank nifty future is at 11700/11860 and support is at 11400/11275

RESISTANCE LEVELS. It has first resistance close to the level of 11700 & after it may face the next resistance close to the level of 11860.

SUPPORT LEVELS : It has first support close to the level of 11400 & after it may get the next support close to the level of 11275.

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Bank Nifty Trading strategy For 8th December 2010

Bank Nifty saw a sharp fall last two trading session . If it break 11440 level we can see some more correction in it, support for bank nifty future is at 11668/11440 and resistance is at 11955/12100.one should take position after proper break out in both the side.

Resistance- It has first resistance close to the level of 11995 & after it may face the next resistance close to the level of 12100.

Support: It has first support close to the level of 11668 & after it may get the next support close to the level of 11440.

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Nifty Future Tips For Monday 1 November 2010

Nifty future bounce back after taking support of 5965 level and closed above psychological level of 6000. If it manages this level we can see some up move in short near term. Up side resistance for Nifty future is 6100/6140 and support for nifty future 6005/5966. 

Recommendation- One should go for long position in nifty future above 6100.

  Bank nifty witnessing sharp recovery after good result of ICICI bank and closed near to its good resistance level . We can see some more recovery in coming trading session resistance for bank nifty is 12500/12635 and support is 12215/12005.

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Bank Nifty Trend For Tomorrow Thursday 28 October 2010

Bank nifty future is facing a resistance at 12395 and not sustaining at higher level. Down side support for bank nifty is 12180/12085 and resistance is at 12400/12615 . One should take position after proper breakout both the side

Resistance : It has first resistance close to the level of 12378 & after it may face the next resistance close to the level of 12506.

Support: It has first support close to the level of 12142 & after it may get the next support close to the level of 12033.

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