Thursday, July 04, 2013

Technical View of Cnx IT & Bank Nifty, 4 July 2013

Bank Nifty Intraday levels and trading tips
 
Today, 11450 is crucial for Intraday.
If Bank Nifty sustains below 11450 then it could test 11300, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11450, then it could test 11650.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 July 2013

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 875. Trade short below 860 for a target of 840.