Technical View and Trading calls of Cnx IT & Bank Nifty, 01 September 2010

Bank Nifty Intraday levels and trading tips

Today, 10750 is crucial for Intraday.

If Bank Nifty sustains below 10750, then it could test 10600, and below that level it could test 10350.
Instead, if Bank Nifty trades above 10750, then it could test 10850.

Short term Technical View of Bank Nifty

The level 8825 is crucial for Bank Nifty in the short term. As long as it trades below that level, a decline to 8000 level is likely. Instead, if it trades above 8825, then it could test 10800.

Cnx IT Intraday levels and and trading tips

Today, 6000 is the crucial intraday level.

If Cnx IT sustains above 6000, then it could test 6050 and above that level it could test 6080.
Instead, if Cnx IT trades below 6000, then it could test 5900 and below that level it could test 5800.

Short term Technical View of Cnx IT

The level 6230 is crucial for Cnx IT is the short term. If it fails to move above this level, then it is likely to see a short term correction towards 5650 level. Instead, if it trades above 6230, then it could test 6500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 02 September 2010

Reliance

Today, 960 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 960 is crucial for short term. Positional Traders, trade long above 960, for a target of 1000. Trade short below 960 for a target of 900.

SBI

Today, 2800 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2800 is crucial for short term. Positional Traders, trade long above 2800, for a target of 2845. Trade short below 2800 for a target of 2670.

Axis Bank

Today, 1345 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1345 is crucial for short term. Positional Traders, trade long above 1345, for a target of 1400. Trade short below 1345 for a target of 1270.

Icici Bank

Today, 985 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 985 is crucial for short term. Positional Traders, trade long above 985, for a target of 1020. Trade short below 985 for a target of 940.

Tata Steel

Today, 530 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 530 is crucial for short term. Positional Traders, trade long above 530, for a target of 555. Trade short below 530 for a target of 490.