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Bank Nifty Prediction and Levels for Next Week- Monday 1st August 2011

Yesterday Banking sectors traded well and CNX Bank Index gained 65.15 points or 0.60 %. Amongst the banking index Dena Bank, Axis Bank and Syndicate Bank were the leaders of the row.
Bank Nifty Futures shut stop at 10926.50 which was up by 62 points or 0.57 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 10760 or above the resistance level of 10980 it would be in an upward trend.

Bank Nifty Support and Resistance Levels for Monday:-
Resistance1- 10980 & above this level Resistance2- 11130.
Support1- 10760 & below this level Support2- 10600.


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