Bank Nifty Tips and Forecast for Tomorrow (27th July '11)

In banking, CNX Bank Index lost -277.25 points or -2.43 %. Amongst the banking index Dhanalakshmi Bank, Yes Bank and Kotak Bank lead the row.

Bank Nifty Futures shut stop at 11104 down by -295.25 or 2.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 11030 else above resistance level of 11495 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11495 above this level the next resistance is seen near to the level of 11780.

SUPPORT: It has first support close to the level of 11030 & below this level the next support is seen near 10975 marks.