Wednesday, June 30, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 30 June 2010

Bank Nifty Intraday levels and range 

Today, 9430 is crucial for Intraday.
If Bank Nifty sustains below 9430, then it could test 9330.
Instead, if Bank Nifty trades above 9430, then it could test 9500.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 June 2010

Reliance
Today, 1100 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 1100, for a target of 1140. Trade short below 1100 for a target of 1050.