Technical View and Trading calls of Cnx IT & Bank Nifty, 09 September 2010

Bank Nifty Intraday levels and trading tips

Today, 11210 is crucial for Intraday.

If Bank Nifty sustains below 11210, then it could test 11160, and below that level it could test 11040.
Instead, if Bank Nifty trades above 11210, then it could test 11280.

Short term Technical View of Bank Nifty

The level 11200 is crucial for Bank Nifty in the short term. As long as it trades below that level, a decline to 9800 level is likely. Instead, if it trades above 11200, then it could test 11400.

Cnx IT Intraday levels and and trading tips

Today, 6300 is the crucial intraday level.

If Cnx IT sustains above 6300, then it could test 6350 and above that level it could test 6380.
Instead, if Cnx IT trades below 6300, then it could test 6200 and below that level it could test 6050.

Short term Technical View of Cnx IT

The level 6230 is crucial for Cnx IT is the short term. If it fails to move above this level, then it is likely to see a short term correction towards 5650 level. Instead, if it trades above 6230, then it could test 6500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 09 September 2010

Reliance

Today, 975 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 975 is crucial for short term. Positional Traders, trade long above 975, for a target of 1000. Trade short below 975 for a target of 900.

SBI

Today, 2870 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2870 is crucial for short term. Positional Traders, trade long above 2870, for a target of 2935. Trade short below 2870 for a target of 2810.

Axis Bank

Today, 1405 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1405 is crucial for short term. Positional Traders, trade long above 1405, for a target of 1425. Trade short below 1405 for a target of 1345.

Icici Bank

Today, 1045 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1045 is crucial for short term. Positional Traders, trade long above 1045, for a target of 1080. Trade short below 1045 for a target of 1000.

Tata Steel

Today, 577 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 577 is crucial for short term. Positional Traders, trade long above 577, for a target of 590. Trade short below 577 for a target of 555.