Wednesday, September 26, 2012

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

Bank Nifty Intraday levels and trading tips
Today, 11420 is crucial for Intraday.
If Bank Nifty sustains below 11420, then it could test 11300, and below that level it could test 11050.
Instead, if Bank Nifty trades above 11420, then it could test 11500.

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

Reliance
Today, 845 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 845 is crucial for short term. Positional Traders, trade long above 845 for a target of 855. Trade short below 845 for a target of 810.