Trading Tips on Bank Nifty (4th April ’11)
In banking, CNX Bank Index lost 114.50 points or -0.51 %. Amongst the banking stocks Union Bank of India, Yes Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 11689 down -74.35 points or 0.63 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11800 else below 11580 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11800 above this level the next resistance is seen near to the level of 11960.
SUPPORT: It has first support close to the level of 11580 & below this level the next support is seen near 11335marks.
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