Tuesday, April 24, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 24 April 2012

Bank Nifty Intraday levels and trading tips
Today, 10300 is crucial for Intraday.
If Bank Nifty sustains below 10300, then it could test 10150, and below that level it could test 10000.
Instead, if Bank Nifty trades above 10300, then it could test 10380.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 24 April 2012

Reliance
Today, 740 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 740 is crucial for short term. Positional Traders, trade long above 740 for a target of 760. Trade short below 740 for a target of 680.