Thursday, October 24, 2013

Technical View of Cnx IT & Bank Nifty, 24 October 2013

Bank Nifty Intraday levels and trading tips
 
Today, 10920 is crucial for Intraday.
If Bank Nifty sustains below 10920 then it could test 10700, and below that level it could test 10600.
Instead, if Bank Nifty trades above 10920, then it could test 11050.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 October 2013

Reliance

Today, 900 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 915. Trade short below 900 for a target of 865.