Thursday, July 26, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 26 July 2012

Bank Nifty Intraday levels and trading tips
Today, 10290 is crucial for Intraday.
If Bank Nifty sustains below 10290, then it could test 10220, and below that level it could test 10050.
Instead, if Bank Nifty trades above 10290, then it could test 10370.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 26 July 2012

Reliance
Today, 730 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 730 is crucial for short term. Positional Traders, trade long above 730 for a target of 745. Trade short below 730 for a target of 690.