Bank Nifty Forecast and Trend for Tomorrow (12th May '11)

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.