Bank Nifty Tips and Forecast for the Day (16th June '11)
In banking, CNX Bank Index gained -176.42 points or 0.96 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Development Credit Bank lead the row.
Bank Nifty Futures shut stop at 10633 down by -191.30 points or -1.77 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10600 else above resistance level of 10850 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10850 above this level the next resistance is seen near to the level of 10990.
SUPPORT: It has first support close to the level of 10600 & below this level the next support is seen near 10330 marks.
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