Wednesday, January 25, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 25 January 2012

Bank Nifty Intraday levels and trading tips
Today, 9900 is crucial for Intraday.
If Bank Nifty sustains below 9900, then it could test 9650, and below that level it could test 9450.
Instead, if Bank Nifty trades above 9900, then it could test 9950.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 25 January 2012

Reliance
Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 820. Trade short below 800 for a target of 745.