Friday, November 01, 2013

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

Bank Nifty Intraday levels and trading tips
 
Today, 11500 is crucial for Intraday.
If Bank Nifty sustains below 11500 then it could test 11350, and below that level it could test 11100.
Instead, if Bank Nifty trades above 11500, then it could test 11800.

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

Reliance

Today, 915 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional Traders, trade long above 915 for a target of 930. Trade short below 915 for a target of 865.