Wednesday, April 11, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 11 April 2012

Bank Nifty Intraday levels and trading tips
Today, 10100 is crucial for Intraday.
If Bank Nifty sustains below 10100, then it could test 10050, and below that level it could test 9980.
Instead, if Bank Nifty trades above 10100, then it could test 10180.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 11 April 2012

Reliance
Today, 735 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 735 is crucial for short term. Positional Traders, trade long above 735 for a target of 750. Trade short below 735 for a target of 700.