Tuesday, January 05, 2010

Trading Levels for CNX IT and Bank Nifty, 5 January

Bank Nifty (spot) 9116.00
Bank Nifty Intraday levels and range
Today, if Bank Nifty sustains below 9100, then it could test 9030.

Instead, if Bank Nifty trades above 9100, then it could test 9300.


For Intraday, the crucial level is 9100.




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 (spot) 5785.00


Cnx IT Intraday levels and range


Today, if Cnx IT sustains above 5890, then it could test 5950.


Instead, if Cnx IT trades below 5890, then it could test 5800.


For Intraday, the crucial level is 5890.




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.

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