Wednesday, March 20, 2013

Technical View of Cnx IT & Bank Nifty, 20 March 2013

Bank Nifty Intraday levels and trading tips
 
Today, 11600 is crucial for Intraday.
If Bank Nifty sustains below 11600 then it could test 11400, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11600, then it could test 11700.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 20 March 2013

Reliance

Today, 830 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 845. Trade short below 855 for a target of 800.