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Friday, May 20, 2011

Bank Nifty Futures Outlook For Monday 23-May

CNX Bank Index gained 105.75 points or 1 %. Amongst the banking stocks Lakshmi Vilas Bank, UCO Bank and Bank of India lead the row.

Bank Nifty Futures shut stop at 10666.25 up by 120.65 points or 1.14 %. It is looking bullish in the coming trading session if it manages to trade above the resistance level of 10745 else below support level of 10510 it would be in a downward trend.

RESISTANCE: 10745 & 10980.
SUPPORT: 10510 & 10370 marks.

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