Bank Nifty Tips and Forecast for Tomorrow (12th August '11)
In banking, CNX Bank Index gained 10463.20 points or 2.62 %. Amongst the banking stocks South Indian Bank, State Bank of Mysore and Canara Bank lead the row.
Bank Nifty Futures shut stop at 10474 up by 246.80 points or 2.41 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10500 else support level of 10360 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 10500 & above this level the next resistance is seen near the 10790 mark.
SUPPORT: It has first support close to the level of 10360 & below this level the next support is seen near 9930 mark.
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