Bank Nifty Tips and Trend for Tomorrow (12th August '11)
In banking, CNX Bank Index lost -124.40 points or 1.19 %. Amongst the banking stocks Dhanlaxmi Bank, Axis Bank and Bank of Baroda lead the row.
Bank Nifty Futures shut stop at 10338.90 down by -119.70 points or 1.14 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10320 else above resistance level of 10525 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark.
SUPPORT: It has first support close to the level of 10320 & below this level the next support is seen near 9930 mark.
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