Technical View of Cnx IT & Bank Nifty, 20 January 2016

Bank Nifty Intraday levels and trading tips

Today, 14950 is crucial for Intraday.

If Bank Nifty sustains below 14950 then it could test 14800 and below that level it could test 14650.

Instead, if Bank Nifty trades above 14950 then it could test 15200.

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, 10950 is the crucial intraday level.

If Cnx IT sustains above 10950, then it could test 11050.
Instead, if Cnx IT trades below 10950 then it could test 10850 and below that level it could test 10700.

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.