Thursday, January 14, 2010

Trading Levels for Cnx IT & Bank Nifty,14 Jan

Bank Nifty Intraday levels and range
Today, 9000 is crucial for Intraday.
If Bank Nifty sustains below 9000, then it could test 8850.
Instead, if Bank Nifty trades above 9000, then it could test 9150.


Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel

Reliance
Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.
The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1110. Trade short below 1050 for a target of 1000.