Wednesday, January 13, 2010

Trading Levels for Cnx IT & Bank Nifty,13 Jan

Bank Nifty Intraday levels and range

Today, 9000 is crucial for Intraday.
If Bank Nifty sustains below 9000, then it could test 8850.
Instead, if Bank Nifty trades above 9000, then it could test 9150.




Short term Technical View of Bank Nifty

The level 9050 is crucial for Bank Nifty in the short term. As long as it trades below that level, a decline to 8000 level is likely. Instead, if it trades above 9050, then it could test 9300.

Cnx IT Intraday levels and range

Today, 5840 is the crucial intraday level.


If Cnx IT sustains above 5840, then it could test 5950.


Instead, if Cnx IT trades below 5840, then it could test 5765.

Short term Technical View of Cnx IT

The level 5780 is crucial for Cnx IT is the short term. If it fails to move above this level, then it is likely to see a short term correction towards 5300 level. Instead, if it trades above 5780, then it could test 6000.