Monday, April 19, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 19 April

Bank Nifty Intraday levels and range 

Today, 9300 is crucial for Intraday.
If Bank Nifty sustains below 9300, then it could test 9150 and below that level it could test 9000.
Instead, if Bank Nifty trades above 9300, then it could test 9450.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 19 April

Reliance
Today, 1070 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1070 is crucial for short term. Positional Traders, trade long above 1070, for a target of 1140. Trade short below 1070 for a target of 1040.