Bank Nifty Forecast for Tomorrow (16th May '11)

In banking, CNX Bank Index gained 133.50 points or 1.23 %. Amongst the banking stocks Jammu & Kashmir Bank, Lakshmi Vilas Bank and Axis Bank lead the row.

Bank Nifty Futures shut stop at 11032.75 up by 157.45 points or 1.45 % It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11240 else below support level of 10780 it would be in a downward trend.

RESISTANCE: It has first resistance close to the level of 11240 above this level the next resistance is seen near to the level of 11726.

SUPPORT: It has first support close to the level of 10780 & below this level the next support is seen near 10690 marks.