Bank Nifty Trading Tips for 8 April 2011

AprilIn banking, CNX Bank Index gained 24.35 points or 0.21 %. Amongst the banking stocks ING Vysya, Yes Bank and Lakshmi Vilas Bank lead the row.

Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.

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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- Levels for Monday 7th Feb 2011

Bank Nifty Futures closed at 10404, down 297.70 points or 2.78 %.In bank sector majority of stocks was down by 2%- 3%, Vijay bank, Syndicate Bank and ICICI bank lead the row. 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: 10760-10850.
SUPPORT: 10385-10272

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