Friday, March 23, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 23 March 2012

Bank Nifty Intraday levels and trading tips
Today, 10360 is crucial for Intraday.
If Bank Nifty sustains below 10360, then it could test 10200, and below that level it could test 9950.
Instead, if Bank Nifty trades above 10360, then it could test 10450.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 March 2012

Reliance
Today, 760 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 760 is crucial for short term. Positional Traders, trade long above 760 for a target of 775. Trade short below 760 for a target of 700.