Bank Nifty Intraday levels and range Today, 8550 is crucial for Intraday.
If Bank Nifty sustains below 8550, then it could test 8490.
Instead, if Bank Nifty trades above 8550, then it could test 8670 and above that level it could test 8750.
Thursday, February 04, 2010
Technical View and Trading Levels of Cnx IT & Bank Nifty,04 Feb
Bank Nifty Intraday levels and range 
Wednesday, February 03, 2010
Unless Nifty Trades Below 4766, Short Term Trend is Bullish
03 February 2010,
After testing our crucial short term level of 4750-4800 levels, Nifty bounced and it was written it could test 4990. But, it tested a high of 4951 and declined from that level. Since the level 4766 is crucial for short term, if Nifty fails to move below this level in another three trading sessions, then Nifty is likely to bounce from these levels to test 5000 in coming trading sessions.
After testing our crucial short term level of 4750-4800 levels, Nifty bounced and it was written it could test 4990. But, it tested a high of 4951 and declined from that level. Since the level 4766 is crucial for short term, if Nifty fails to move below this level in another three trading sessions, then Nifty is likely to bounce from these levels to test 5000 in coming trading sessions.
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