Wednesday, April 17, 2013

Technical View of Cnx IT & Bank Nifty, 17 April 2013

Bank Nifty Intraday levels and trading tips
 
Today, 11930 is crucial for Intraday.
If Bank Nifty sustains below 11930 then it could test 11750, and below that level it could test 11650.
Instead, if Bank Nifty trades above 11930, then it could test 12050.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 April 2013

Reliance

Today, 810 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 825. Trade short below 810 for a target of 755.