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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Intraday Calls For Next Week (Nifty On Monday, May 9, 2011)

The benchmark S & P CNX Nifty NSE snapped its nine consecutive defeats to win the session 91.60 points in early trading Friday on the purchase of new on the relaxation of macro-economic concerns in light of a sharp drop in crude prices.

Nifty futures closed and finally settled in 5555, after 96.60 or 1.77%. It seems optimistic in the next session if it succeeds on the strength level of 5595 if the funding level for 5415 would be in a downward trend.

It has a resistance near the 5595 level and above the next resistance level near the mark of 5730. It has nearly 5,415 support level and below that level next support near the marks 5310.

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