Bank Nifty Levels for Friday 22nd July 2011
Bank nifty continued it's down trend and CNX Bank Index lost -114.90 points or -1.03 %. Amongst the banking stocks Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank were the leaders of the row.
Bank Nifty Futures finally settled and closed at 11077 down by -102.45 or -0.92 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 10970 or above resistance level of 11230 it would be in an upward trend.
Support and Resistance Levels for Friday:-
Resistance 1- 11230 above this level Resistance 2- 11405.
Support 1- 10970 below this level Support 2- 10800.
Bank nifty continued it's down trend and CNX Bank Index lost -114.90 points or -1.03 %. Amongst the banking stocks Kotak Mahindra Bank, Bank of Maharashtra and Development Credit Bank were the leaders of the row.
Bank Nifty Futures finally settled and closed at 11077 down by -102.45 or -0.92 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 10970 or above resistance level of 11230 it would be in an upward trend.
Support and Resistance Levels for Friday:-
Resistance 1- 11230 above this level Resistance 2- 11405.
Support 1- 10970 below this level Support 2- 10800.
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