Sensex- Technical Outlook and Trading Levels, 7 May

Today, 16850 is the crucial intraday level for Sensex.

If Sensex sustains below 16850,  then it could test 16550.
Instead, if Sensex trades above 16850, then it could test 17100.

Technical View and Trading Levels of Cnx IT & Bank Nifty, 7 May

Bank Nifty Intraday levels and range 

Today, 9450 is crucial for Intraday.

If Bank Nifty sustains below 9450, then it could test 9300.
Instead, if Bank Nifty trades above 9450, then it could test 9600.