Technical View on Bank Nifty (24th March ’11)
In banking, CNX Bank Index gained 186.80 points or 1.73 %. 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 10994.90 up 180.45 points or 1.67 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11050 else below 10760 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11050 above this level the next resistance is seen near to the level of 11155.
SUPPORT: It has first support close to the level of 10690 & below this level the next support is seen near 10520 marks.
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