Intraday Tips for Bank Nifty Trading (5th April ’11)

In banking, CNX Bank Index gained 213.45 points or +1.84 %. Amongst the banking stocks Dhanalaxmi Bank, Karnataka Bank and Lakshmi Bank and City Union Bank lead the row.

Bank Nifty Futures shut stop at 11884.95 up by 207.85 points or +1.78%.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11684 it would be in a downward  trend.

RESISTANCE: It has first resistance close to the level of 11956 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11684 & below this level the next support is seen near 11580 marks.