Monday, September 13, 2010

Technical View and Trading calls of Cnx IT & Bank Nifty, 13 September 2010

Bank Nifty Intraday levels and trading tips
Today, 11390 is crucial for Intraday.
If Bank Nifty sustains below 11390, then it could test 11300, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11390, then it could test 11500.


Short term Technical View of Bank Nifty


 
The level 11200 is crucial for Bank Nifty in the short term. As long as it trades below that level, a decline to 9800 level is likely. Instead, if it trades above 11200, then it could test 11400.








Cnx IT Intraday levels and and trading tips
Today, 6350 is the crucial intraday level.
If Cnx IT sustains above 6350, then it could test 6380 and above that level it could test 6410.
Instead, if Cnx IT trades below 6350, then it could test 6260 and below that level it could test 6200.

Short term Technical View of Cnx IT

The level 6230 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 5650 level. Instead, if it trades above 6230, then it could test 6500.



1 comment:

  1. I guess NIFTY will hit 6000, even break all time highs by diwali, the correction is due and september series expiry might me around 5500 odd level so be cautious at higher levels

    http://marketsinandout.blogspot.com/

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