Techincal View on Nifty (28th March ’11)
In banking, CNX Bank Index gained 306.25 points or 2.75 %. Amongst the banking stocks ICICI, HDFC, and Axis Bank lead the row.
Bank Nifty Futures shut stop at 11430 up 306.25 points or 2.75 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11600 else below 11000 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11600 above this level the next resistance is seen near to the level of 11960.
SUPPORT: It has first support close to the level of 11150 & below this level the next support is seen near 1100 marks.
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