Wednesday, April 21, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 21 April

Bank Nifty Intraday levels and range 

Today, 9400 is crucial for Intraday.
If Bank Nifty sustains below 9400, then it could test 9350 and below that level it could test 9300.
Instead, if Bank Nifty trades above 9400, then it could test 9590.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 April

Reliance
Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.