Bank Nifty Tips and Forecast for Tomorrow (29th July '11)

In banking, CNX Bank Index lost -171.65 points or -1.56 %. Amongst the banking index Indian Bank, Indian Overseas Bank and Punjab National Bank lead the row.

Bank Nifty Futures shut stop at 10828.50 down by -187.75 or -1.70 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10800 else above resistance level of 10960 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10960 above this level the next resistance is seen near to the level of 11130.

SUPPORT: It has first support close to the level of 10800 & below this level the next support is seen near 10600 marks.