Thursday, September 22, 2011

Technical View and Trading calls of Cnx IT & Bank Nifty, 20 September 2011

Bank Nifty Intraday levels and trading tips
Today, 9770 is crucial for Intraday.
If Bank Nifty sustains below 9770, then it could test 9650, and below that level it could test 9550.
Instead, if Bank Nifty trades above 9770, then it could test 9850.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 September 2011

Reliance
Today, 815 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 815 is crucial for short term. Positional Traders, trade long above 815 for a target of 835. Trade short below 815 for a target of 780.