Bank Nifty Tips and Forecast for Tomorrow (16th August '11)
In banking, CNX Bank Index lost -156.10 points or -1.51 %. Amongst the banking stocks Jammu & Kashmir Bank, Union Bank of India and Allahabad Bank lead the row.
Bank Nifty Futures shut stop at 10179.90 down by -164.15 points or -1.59 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10175 else above resistance level of 10525 it would be in an upward trend.
RESISTANCE: It has first resistance close to the level of 10525 & above this level the next resistance is seen near the 10790 mark.
SUPPORT: It has first support close to the level of 10175 & below this level the next support is seen near 9935 mark.
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