Technical View on Bank Nifty Future (11th May '11)
In banking, CNX Bank Index lost -67.10 points or -0.61 %. Amongst the banking stocks Kotak Mahindra Bank,HDFC Bank and Canara Bank lead the row.
Bank Nifty Futures shut stop at 11021.70 down by -61.80 % points or -0.56 % It is looking bearish in the coming trading session if it manages to trade below the support level of 11950 else above resistance level of 11240 it would be in a upward trend.
RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11730.
SUPPORT: It has first support close to the level of 11950 & below this level the next support is seen near 10690 marks.
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