Friday, March 26, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 26 March

Bank Nifty Intraday levels and range 

Today, 9290 is crucial for Intraday.
If Bank Nifty sustains below 9290, then it could test 9160.
Instead, if Bank Nifty trades above 9290, then it could test 9380.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 26 March

Reliance

Today, 1055 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1055 is crucial for short term. Positional Traders, trade long above 1055, for a target of 1130. Trade short below 1055 for a target of 1000.