Technical View on Bank Nifty (23rd March ’11)
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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