Tuesday, October 01, 2013

Technical View of Cnx IT & Bank Nifty, 1 October 2013

Bank Nifty Intraday levels and trading tips
 
Today, 9650 is crucial for Intraday.
If Bank Nifty sustains below 9650 then it could test 9500, and below that level it could test 9350.
Instead, if Bank Nifty trades above 9650, then it could test 9750.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 1 October 2013

Reliance

Today, 820 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 820 is crucial for short term. Positional Traders, trade long above 820 for a target of 835. Trade short below 820 for a target of 790.