Friday, October 04, 2013

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

Bank Nifty Intraday levels and trading tips
 
Today, 10350 is crucial for Intraday.
If Bank Nifty sustains below 10350 then it could test 10200, and below that level it could test 10100.
Instead, if Bank Nifty trades above 10350, then it could test 10400.

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

Reliance

Today, 840 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 855. Trade short below 840 for a target of 830.