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Bank Nifty Levels for Next Week- Monday 29th August 2011

Yesterday banking sectors were the worst performers and CNX Bank Index lost about -202.70 points or -2.63 %. Among all the banking stocks Federal Bank, Oriental Bank of Commerce and Lakshmi Vilas Bank performed good.
Bank Nifty Futures finally settled and closed at 8962 which is down by about -242.30 points or -2.63 %. It is looking bearish in the coming trading session if it would be able to manage to trade below the support level of 8815 or above the resistance level of 9255 it would be in an upward trend.

Bank Nifty Futures Support and Resistance Levels for Monday:-
Resistance1- 9255 & above this level
Resistance2- 9420.
Support1- 8815 & below this level
Support2- 8400.


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