Thursday, January 21, 2010

Technical View and Trading Levels for Cnx IT & Bank Nifty,21 Jan

Bank Nifty Intraday levels and range
Today, 9120 is crucial for Intraday.
If Bank Nifty sustains below 9120, then it could test 9000.
Instead, if Bank Nifty trades above 9120, then it could test 9180.


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Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 22 January

Reliance
Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.
The level 1100 is crucial for short term. Positional Traders, trade long above 1120, for a target of 1140. Trade short below 1100 for a target of 1000.

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