Thursday, April 25, 2013

Technical View of Cnx IT & Bank Nifty, 25 April 2013

Bank Nifty Intraday levels and trading tips
 
Today, 12650 is crucial for Intraday.
If Bank Nifty sustains below 12650 then it could test 12450, and below that level it could test 12280.
Instead, if Bank Nifty trades above 12650, then it could test 12750.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 25 April 2013

Reliance

Today, 805 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 805 is crucial for short term. Positional Traders, trade long above 805 for a target of 815. Trade short below 805 for a target of 770.