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Tuesday, April 12, 2011

Technical View on Bank Nifty 13th April

In banking, CNX Bank Index lost -74.45 points or 0.65 %. Amongst the banking stocks United Bank of India, Axis Bank and HDFC Bank lead the row.

Bank Nifty Futures shut stop at 11620.10 down by -91.50 points or 0.78 %.It is looking bearish in the coming trading session if it manages to trade below the support level of 11580 else above 11960 it would might be in an upward trend.

RESISTANCE: It has first resistance close to the level of 11960 above this level the next resistance is seen near to the level of 12050.

SUPPORT: It has first support close to the level of 11580 & below this level the next support is seen near 11335 marks.

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