Monday, April 30, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 30 April 2012

Bank Nifty Intraday levels and trading tips
Today, 10320 is crucial for Intraday.
If Bank Nifty sustains below 10320, then it could test 10210, and below that level it could test 10050.
Instead, if Bank Nifty trades above 10320, then it could test 10390.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 April 2012

Reliance
Today, 750 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 750 is crucial for short term. Positional Traders, trade long above 750 for a target of 765. Trade short below 750 for a target of 680.