Monday, February 08, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty,8 Feb

Bank Nifty Intraday levels and range 

Today, 8300 is crucial for Intraday.
If Bank Nifty sustains below 8300, then it could test 8210.
Instead, if Bank Nifty trades above 8300, then it could test 8460.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 8 Feb

Reliance

Today, 1015 is the crucial intraday level. Trade long above that level and trade short below that level.The level 1015 is crucial for short term. Positional Traders, trade long above 1015, for a target of 1050. Trade short below 1015 for a target of 940.