Bank Nifty Trend and Forecast for Tomorrow (4th May '11)
In banking, CNX Bank Index lost -345.50 points or -3.07 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.
Bank Nifty Futures shut stop at 10918.85 down by -365.15 points or -3.24 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10860 else above resistance level of 11380 it would be in a upward trend.
RESISTANCE: It has first resistance close to the level of 11380 above this level the next resistance is seen near to the level of 11590.
SUPPORT: It has first support close to the level of 10860 & below this level the next support is seen near 10690 marks.
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