Friday, December 05, 2014

Technical View of Cnx IT & Bank Nifty, 05 December 2014

Bank Nifty Intraday levels and trading tips
Today, 18900 is crucial for Intraday.
If Bank Nifty sustains below 18900 then it could test 18650 and below that level it could test 18500.
Instead, if Bank Nifty trades above 18900, then it could test 19000.



Short term Technical View of Bank Nifty




The level 17200 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 20000 level is likely. Instead, if it could not sustain above 17200, then it could test 15500.








Cnx IT Intraday levels and trading tips
Today, 11700 is the crucial intraday level.
If Cnx IT sustains above 11700, then it could test 11880.
Instead, if Cnx IT trades below 11700 then it could test 11650 and below that level it could test 11600.


Short term Technical View of Cnx IT

The level 10500 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 6500 level. Instead, if it trades above 10500, then it could test 13000.



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