Thursday, March 19, 2015

Technical View of Cnx IT & Bank Nifty, 19 March 2015

Bank Nifty Intraday levels and trading tips
Today, 19400 is crucial for Intraday.
If Bank Nifty sustains below 19400 then it could test 19300 and below that level it could test 19150.
Instead, if Bank Nifty trades above 19400 then it could test 19600.



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, 12250 is the crucial intraday level.
If Cnx IT sustains above 12250, then it could test 12500.
Instead, if Cnx IT trades below 12250 then it could test 12200 and below that level it could test 12100.




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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