Bank Nifty Tomorrow : Market updates (25 August 2011)

In banking, CNX Bank Index lost -156.85 points or -1.65 %. Amongst the banking stocks Federal Bank, Oriental Bank of Commerce and Lakshmi Vilas Bank lead the row.
Bank Nifty Futures closed at 9318.60 down by -161.70 points or -1.71 %. It is looking bearish in the coming trading session if it trades below the support level of 9230 else above resistance level of 9420 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 9420 & above this level the next resistance is seen near the 9600 mark.
SUPPORT: It has first support close to the level of 9230 & below this level the next support is seen near 9030 mark.

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Market Updates: Nifty Intraday Levels (21 July 2011)

Despite of positive Global cues the market shaved off all the morning gains and ended in red terrain. After making day high of 5647.35 in early hours of the session Nifty started falling till 92.25 and touched an intraday low of 5555.10 mark then finally Closed at 5567.05 down by 46.50 points from its previous close.

Nifty Futures closed at 5565.90 and dragged 58.40 points behind the previous close.

It is likely to trade in narrow range of 5545-5660 and below 5545 its is likely to trade with negative bias. A move above 5600 mark may bring some momentum in Nifty to touch 5660 and 5700 mark later.

Resistance for nifty is seen near 5660 mark above which the next resistance is 5720.

Support range for Nifty is 5545-5480

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Bank Nifty Futures- Technical Outlook (21 June 2011)

In banking, CNX Bank Index lost -113.95 points or -1.08 %. Amongst the banking stocks Development Credit Bank, Karnataka Bank and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10502.40 down by -120.20 points or -1.13 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10330 else above resistance level of 10650 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10650 above this level the next resistance is seen near to the level of 10850.

SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10090 marks

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