Bank Nifty Forecast and Trend for Tomorrow (12th May '11)
by Stock Tips
In banking, CNX Bank Index gained 49.65 points or 0.45 %. Amongst the banking stocks ING Vysya, South India and Yes Bank lead the row.
Bank Nifty Futures shut stop at 11039.55 down 17.85 points or 0.16 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11120 else below support level of 10900 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 11900 & below this level the next support is seen near 10780 marks.
Bank Nifty Futures shut stop at 11039.55 down 17.85 points or 0.16 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11120 else below support level of 10900 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11120 above this level the next resistance is seen near to the level of 11240.
SUPPORT: It has first support close to the level of 11900 & below this level the next support is seen near 10780 marks.
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