Technical View on Bank Nifty (31st March ’11)
In banking, CNX Bank Index gained 136.10 points or 1.20 %. Amongst the banking stocks Jammu & Kashmir Bank, Punjab National Bank and State Bank of India lead the row.
Bank Nifty Futures shut stop at 11825 up 210.60 points or 1.81 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11785 else below 11695 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11785 above this level the next resistance is seen near to the level of 11956.
SUPPORT: It has first support close to the level of 11695 & below this level the next support is seen near 11590 marks.
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