Technical View on Bank Nifty (26th May ‘11)

In banking, CNX Bank Index lost -69.75 points or -0.67 %. Amongst the banking stocks Vijaya Bank, Central Bank and Union Bank of India lead the row.

Bank Nifty Futures shut stop at 10364.65 down by -64.20 points or -0.62 %. It is looking bearish in the coming trading session if it manages to trade support level of 10330 else above resistance level of 10440 it would be in an upward trend.

RESISTANCE: It has first resistance close to the level of 10440 above this level the next resistance is seen near to the level of 10600.
SUPPORT: It has first support close to the level of 10330 & below this level the next support is seen near 10170 marks