Today, 11390 is crucial for Intraday.
If Bank Nifty sustains below 11390, then it could test 11300, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11390, then it could test 11500.
Instead, if Bank Nifty trades above 11390, then it could test 11500.
Short term Technical View of Bank Nifty
Cnx IT Intraday levels and and trading tips
Today, 6350 is the crucial intraday level.
If Cnx IT sustains above 6350, then it could test 6380 and above that level it could test 6410.
Instead, if Cnx IT trades below 6350, then it could test 6260 and below that level it could test 6200.
Instead, if Cnx IT trades below 6350, then it could test 6260 and below that level it could test 6200.
Short term Technical View of Cnx IT
The level 6230 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 5650 level. Instead, if it trades above 6230, then it could test 6500.
I guess NIFTY will hit 6000, even break all time highs by diwali, the correction is due and september series expiry might me around 5500 odd level so be cautious at higher levels
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