Wednesday, June 13, 2012

Technical View and Trading calls of Cnx IT & Bank Nifty, 13 June 2012

Bank Nifty Intraday levels and trading tips
Today, 10170 is crucial for Intraday.
If Bank Nifty sustains below 10170, then it could test 9800, and below that level it could test 9650.
Instead, if Bank Nifty trades above 10170, then it could test 10300.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 13 June 2012

Reliance
Today, 725 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 725 is crucial for short term. Positional Traders, trade long above 725 for a target of 735. Trade short below 725 for a target of 690.