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Saturday, May 14, 2011

Bank Nifty Intraday Outlook For Monday 16-May

CNX Bank Index lost -171.60 points or -1.55 % on yesterday's trading session. Allahabad Bank, ING Vysya Bank and yes bank were the top gainers in Bank Shares.

Bank Nifty yesterday closed at 10875.30 down by 164.25 points or -1.55 %. It is still seems to be bearish in near term if it is able to sustain below the support level of 10780.

Above resistance level of 11120 it might catch the rally.

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

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