Thursday, July 07, 2011

Technical View and Trading calls of Cnx IT & Bank Nifty,8 July 2011

Bank Nifty Intraday levels and trading tips
Today, 11350 is crucial for Intraday.
If Bank Nifty sustains below 11350, then it could test 11180, and below that level it could test 11100.
Instead, if Bank Nifty trades above 11350, then it could test 11450.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 July 2011

Reliance
Today, 875 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 890. Trade short below 875 for a target of 840.