Bank Nifty Tips and Trend for Tomorrow (11th July '11)

In banking, CNX Bank Index gained 143.05 points or 1.27 %. Amongst the banking index stocks IDBI Bank, Axis Bank and State Bank of India lead the row.
                                                                                                               
Bank Nifty Futures shut stop at 11459 up by 141.20 or 1.25 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11500 else below support level of 11270 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11500 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11270 & below this level the next support is seen near 11090 marks.