Tuesday, March 30, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 30 March

Bank Nifty Intraday levels and range 

Today, 9490 is crucial for Intraday.
If Bank Nifty sustains below 9490, then it could test 9400.
Instead, if Bank Nifty trades above 9490, then it could test 9630.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 March

Reliance

Today, 1095 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1095 is crucial for short term. Positional Traders, trade long above 1095, for a target of 1130. Trade short below 1095 for a target of 1055.