Monday, February 15, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty,15 February

Bank Nifty Intraday levels and range 

Today, 8490 is crucial for Intraday.
If Bank Nifty sustains below 8490, then it could test 8270 and below that level it could test 8210.
Instead, if Bank Nifty trades above 8490, then it could test 8600.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 15 February

Reliance

Today, 1025 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025, for a target of 1050. Trade short below 1015 for a target of 940.