Tuesday, October 22, 2013

Technical View of Cnx IT & Bank Nifty, 22 October 2013

Bank Nifty Intraday levels and trading tips
 
Today, 10900 is crucial for Intraday.
If Bank Nifty sustains below 10900 then it could test 10600, and below that level it could test 10400.
Instead, if Bank Nifty trades above 10900, then it could test 11050.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 October 2013

Reliance

Today, 915 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional Traders, trade long above 915 for a target of 925. Trade short below 915 for a target of 875.