Market outlook on Nifty (11th April '11)
The down fall continuslly going on. The Nifty futures closed at 5854.90 with the -47.10 or -0.80 %. It looking bullish in the coming trading session if it manages to trade above the resistance level of 5935 else below 5830 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 5935 & above this level the next resistance is seen near the 6000 mark.
SUPPORT: It has first support close to the level of 5830 & below this level the next support is seen near 5780 mark.
Market outlook on Bank Nifty (11th April ’11)
In banking, CNX Bank Index went down by -81.15 points or 0.76 %. Amongst the banking stocks Andhra Bank, Syndicate Bank and Dhanlaxmi Bank lead the row.
Bank Nifty Futures shut stop at 11804.90 up by 19.85 points or 0.17 %.It is looking bullish in the coming trading session if it manages to trade above the resistance level of 11956 else below 11665 it would be in a downward trend.
RESISTANCE: It has first resistance close to the level of 11925 above this level the next resistance is seen near to the level of 12050.
SUPPORT: It has first support close to the level of 11665 & below this level the next support is seen near 11580 marks.
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