Thursday, October 31, 2013

Technical View of Cnx IT & Bank Nifty, 31 October 2013

Bank Nifty Intraday levels and trading tips
 
Today, 11360 is crucial for Intraday.
If Bank Nifty sustains below 11360 then it could test 11100, and below that level it could test 10900.
Instead, if Bank Nifty trades above 11360, then it could test 11500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 31 October 2013

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 915. Trade short below 905 for a target of 865.