Thursday, April 11, 2013

Technical View of Cnx IT & Bank Nifty, 11 April 2013

Bank Nifty Intraday levels and trading tips
 
Today, 11300 is crucial for Intraday.
If Bank Nifty sustains below 11300 then it could test 11150, and below that level it could test 11000.
Instead, if Bank Nifty trades above 11300, then it could test 11400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 11 April 2013

Reliance


Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 800. Trade short below 785 for a target of 745.