Friday, June 11, 2010

Technical View and Trading Levels of Cnx IT & Bank Nifty, 11 June 2010

Bank Nifty Intraday levels and range 

Today, 9450 is crucial for Intraday.
If Bank Nifty sustains below 9450, then it could test 9350.
Instead, if Bank Nifty trades above 9450, then it could test 9520.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 11 June 2010

Reliance
Today, 1025 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025, for a target of 1050. Trade short below 1025 for a target of 975.