Monday, April 02, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 2 April 2012

Bank Nifty Intraday levels and trading tips
Today, 10250 is crucial for Intraday.
If Bank Nifty sustains below 10250, then it could test 10070, and below that level it could test 9950.
Instead, if Bank Nifty trades above 10250, then it could test 10420.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 April 2012

Reliance
Today, 760 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 760 is crucial for short term. Positional Traders, trade long above 760 for a target of 775. Trade short below 760 for a target of 730.