Bank Nifty Tips and Forecast for Tomorrow (22nd July '11)
In banking, CNX Bank Index lost -114.90 points or -1.03 %. Amongst the banking stocks Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank lead the row.
Bank Nifty Futures shut stop at 11077 down by -102.45 or -0.92 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10970 else above resistance level of 11230 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 11230 above this level the next resistance is seen near to the level of 11405.
SUPPORT: It has first support close to the level of 10970 & below this level the next support is seen near 10800 marks.
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