Friday, September 23, 2011

Technical View and Trading calls of Cnx IT & Bank Nifty, 23 September 2011

Bank Nifty Intraday levels and trading tips
Today, 9545 is crucial for Intraday.
If Bank Nifty sustains below 9545, then it could test 9350, and below that level it could test 9200.
Instead, if Bank Nifty trades above 9545, then it could test 9650.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 September 2011

Reliance
Today, 775 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 775 is crucial for short term. Positional Traders, trade long above 775 for a target of 795. Trade short below 775 for a target of 730.