Techncial View on Bank Nifty (25th March ’11)
by Web Rocks
In banking, CNX Bank Index gained 112.25 points or 1.02 %. Amongst the banking stocks State Bank of Bikaner & Jaipur, Bank of Maharashtra and State Bank of Mysore lead the row.
Bank Nifty Futures shut stop at 11123.75 up 137.70 points or 1.25 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 11000 it would be in a downward 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 11325.
SUPPORT: It has first support close to the level of 11000 & below this level the next support is seen near 10760 marks.
Bank Nifty Futures shut stop at 11123.75 up 137.70 points or 1.25 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11155 else below 11000 it would be in a downward 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 11325.
SUPPORT: It has first support close to the level of 11000 & below this level the next support is seen near 10760 marks.