Friday, March 05, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 5 March

Bank Nifty Intraday levels and range 

Today, 9030 is crucial for Intraday.
If Bank Nifty sustains below 9030, then it could test 8940.
Instead, if Bank Nifty trades above 9030, then it could test 9100.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 March

Reliance

Today, 1005 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 900.