Friday, March 19, 2010

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

Bank Nifty Intraday levels and range 

Today, 9250 is crucial for Intraday.
If Bank Nifty sustains below 9250, then it could test 9150.
Instead, if Bank Nifty trades above 9250, then it could test 9450.

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

Reliance

Today, 1065 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1065 is crucial for short term. Positional Traders, trade long above 1065, for a target of 1130. Trade short below 1065 for a target of 1030.