Wednesday, March 18, 2015

Technical View of Cnx IT & Bank Nifty, 18 March 2015

Bank Nifty Intraday levels and trading tips
Today, 19250 is crucial for Intraday.
If Bank Nifty sustains below 19250 then it could test 19100 and below that level it could test 18950.
Instead, if Bank Nifty trades above 19250 then it could test 19450.



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.



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Cnx IT Intraday levels and trading tips
Today, 12450 is the crucial intraday level.
If Cnx IT sustains above 12450, then it could test 12550.
Instead, if Cnx IT trades below 12450 then it could test 12350 and below that level it could test 12300.




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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