Wednesday, February 24, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty,24 February

Bank Nifty Intraday levels and range 

Today, 8450 is crucial for Intraday.
If Bank Nifty sustains below 8450, then it could test 8370 and below that level it could test 8270.
Instead, if Bank Nifty trades above 8450, then it could test 8620.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel-24 February 2010

Reliance

Today, 985 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1050. Trade short below 1005 for a target of 940.