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Tuesday, May 3, 2011

Bank Nifty Intraday Outlook For Tomorrow 04-May

In banking, CNX Bank Index lost -345.50 points or -3.07 %. Amongst the banking stocks Bank of India, Union Bank of India and Indian Overseas Bank lead the row.

Bank Nifty Futures shut stop at 10918.85 down by -365.15 points or -3.24 % It is looking bearish in the coming trading session if it manages to trade below the support level of 10860 else above resistance level of 11380 it would be in a upward trend.

RESISTANCE: 11380 & 11590.
SUPPORT: 10860 & 10690 marks.

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