Bank Nifty Tips and Trend for Tomorrow (3rd August '11)

In banking, CNX Bank Index lost -195.70 points or 1.79 %. Amongst the banking index Canara Bank, Central Bank and Federal Bank lead the row.

Bank Nifty Futures shut stop at 10776.75 down by -66.65 points or -1.27 %. It is looking bearish in the coming trading session if it manages to trade below the support level of 10740 else above resistance level of 10920 it would be in an upward trend. 

RESISTANCE: It has first resistance close to the level of 10920 above this level the next resistance is seen near to the level of 11075.

SUPPORT: It has first support close to the level of 10740 & below this level the next support is seen near 10610 marks.