Wednesday, June 15, 2011

Technical View and Trading calls of Cnx IT & Bank Nifty, 15 June 2011

Bank Nifty Intraday levels and trading tips
Today, 10850 is crucial for Intraday.
If Bank Nifty sustains below 10850, then it could test 10750, and below that level it could test 10650.
Instead, if Bank Nifty trades above 10850, then it could test 10950.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 15 June 2011

Reliance
Today, 925 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 925 is crucial for short term. Positional Traders, trade long above 925 for a target of 945. Trade short below 925 for a target of 890.