Technical View of Cnx IT & Bank Nifty, 04 September 2015

Bank Nifty Intraday levels and trading tips

Today, 16300 is crucial for Intraday.

If Bank Nifty sustains below 16300 then it could test 16200 and below that level it could test 16000.

Instead, if Bank Nifty trades above 16300 then it could test 16500.

Short term Technical View of Bank Nifty

The level 17600 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 17600, then it could test 14500.

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Cnx IT Intraday levels and trading tips

Today, 11700 is the crucial intraday level.

If Cnx IT sustains above 11700, then it could test 11750.
Instead, if Cnx IT trades below 11700 then it could test 11550 and below that level it could test 11400.

Short term Technical View of Cnx IT

The level 10500 is crucial for Cnx IT in 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.