Showing posts with label Technical Outlook on Bank Nifty. Show all posts
Showing posts with label Technical Outlook on Bank Nifty. Show all posts

Thursday, February 17, 2011

Bank Nifty Intraday Levels for Friday 18 Feb 2011

Bank Nifty Futures closed at 11138.70, up 172.45 points or 1.57 %.In banking sector index scrip HDFC Bank and IDBI Bank lead the row. Indian Overseas Bank gained 6.85 points or 5.34 % respectively. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11265 else below 10890 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11265 & above this level the next resistance is seen near the 11440 mark.

SUPPORT: It has first support close to the level of 10890 & below this level the next support is seen near 10700 marks.

 
Posted By Commodity MCX Tips