Saturday, 7 May 2011

Intraday Tips For Next Week (the Bank Nifty Levels Monday, May 9, 2011)

Banking, Bank CNX index rose 415 points, or 3.87%. Among bank stocks Union Bank of India, Oriental Bank of Commerce and yes, the Bank will lead the line.

Bank Nifty futures stop at 11,143.90 by 395.45 points or 3.68% seems optimistic in the next session if it succeeds on the level of resistance remains below the 11,775 support level of 10,788, it would be in a downward trend.

It has nearly 11,775 resistance level above this level next resistance level of about 12,050. It has about 10,788 support level and below that level next support near 10,520 points.


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