Technical View of Cnx IT & Bank Nifty, 06 November 2015

Bank Nifty Intraday levels and trading tips

Today, 17000 is crucial for Intraday.

If Bank Nifty sustains below 17000 then it could test 16900 and below that level it could test 16700.

Instead, if Bank Nifty trades above 17000 then it could test 17100.

Short term Technical View of Bank Nifty

The level 17850 is crucial for Bank Nifty in the short term. As long as it trades above that level, a rally towards 18350 level is likely. Instead, if it could not sustain above 17850, then it could test 14500.

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Cnx IT Intraday levels and trading tips

Today, 11450 is the crucial intraday level.

If Cnx IT sustains above 11450, then it could test 11550.
Instead, if Cnx IT trades below 11450 then it could test 11350 and below that level it could test 11250.

Short term Technical View of Cnx IT

The level 12000 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 10500 level. Instead, if it trades above 12000, then it could test 13000.