Thursday, February 11, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty,11 February

Bank Nifty Intraday levels and range 

Today, 8460 is crucial for Intraday.
If Bank Nifty sustains below 8460, then it could test 8270 and below that level it could test 8210.
Instead, if Bank Nifty trades above 8460, then it could test 8600.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 11 February

Reliance  
Today, 1015 is the crucial intraday level. Trade long above that level and trade short below that level. 
The level 1015 is crucial for short term. Positional Traders, trade long above 1015, for a target of 1050. Trade short below 1015 for a target of 940.