Monday, September 16, 2013

Technical View of Cnx IT & Bank Nifty, 16 September 2013

Bank Nifty Intraday levels and trading tips
 
Today, 10280 is crucial for Intraday.
If Bank Nifty sustains below 10280 then it could test 9950, and below that level it could test 9750.
Instead, if Bank Nifty trades above 10280, then it could test 10400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 September 2013

Reliance


Today, 870 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 880. Trade short below 870 for a target of 830.