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Thursday, May 12, 2011

Bank Nifty Futures Intraday Outlook For Tomorrow 13-May

CNX Bank Index lost -171.60 points ( -1.55 %) . Amongst the banking stocks Allahabad Bank, Yes Bank and ING Vysya Bank lead the row. HDFC, ICICI Bank, SBI, HDFC Bank shares Caused the Bank Nifty to batter down.

Bank Nifty Futures shut stop at 10875.30 down by 164.25 points or -1.55 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10780 else above resistance level of 11120 it would be in an upward trend.

RESISTANCE: 11120 & of 11240.
SUPPORT: 10780 & 10690 marks.

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