Thursday, March 24, 2011

Technical View and Trading calls of Cnx IT & Bank Nifty, 24 March 2011

Bank Nifty Intraday levels and trading tips
Today, 11000 is crucial for Intraday.
If Bank Nifty sustains below 11000, then it could test 10900, and below that level it could test 10800.
Instead, if Bank Nifty trades above 11000, then it could test 11100.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 24 March 2011

Reliance
Today, 1030 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1030 is crucial for short term. Positional Traders, trade long above 1030 for a target of 1050. Trade short below 1030 for a target of 990.