Technical View and Trading calls of Cnx IT & Bank Nifty, 27 August 2010

Bank Nifty Intraday levels and trading tips

Today, 10980 is crucial for Intraday.

If Bank Nifty sustains below 10980, then it could test 10870, and below that level it could test 10750.
Instead, if Bank Nifty trades above 10980, then it could test 11050.

Short term Technical View of Bank Nifty

The level 8825 is crucial for Bank Nifty in the short term. As long as it trades below that level, a decline to 8000 level is likely. Instead, if it trades above 8825, then it could test 10800.

Cnx IT Intraday levels and and trading tips

Today, 6130 is the crucial intraday level.

If Cnx IT sustains above 6130, then it could test 6155. 
Instead, if Cnx IT trades below 6130, then it could test 6080 and below that level it could test 6030.

Short term Technical View of Cnx IT

The level 6230 is crucial for Cnx IT is the short term. If it fails to move above this level, then it is likely to see a short term correction towards 5650 level. Instead, if it trades above 6230, then it could test 6500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 31 August 2010

Reliance

Today, 960 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 975 is crucial for short term. Positional Traders, trade long above 975, for a target of 1000. Trade short below 975 for a target of 925.

SBI

Today, 2810 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2810 is crucial for short term. Positional Traders, trade long above 2810, for a target of 2845. Trade short below 2810 for a target of 2670.

Axis Bank

Today, 1345 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1345 is crucial for short term. Positional Traders, trade long above 1345, for a target of 1400. Trade short below 1345 for a target of 1270.

Icici Bank

Today, 970 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1000 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1020. Trade short below 1005 for a target of 940.

Tata Steel

Today, 530 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 530 is crucial for short term. Positional Traders, trade long above 530, for a target of 555. Trade short below 530 for a target of 490.