Technical View and Trading calls of Cnx IT & Bank Nifty, 16 November 2010

Bank Nifty Intraday levels and trading tips

Today, 12820 is crucial for Intraday.

If Bank Nifty sustains below 12820, then it could test 12600, and below that level it could test 12400.
Instead, if Bank Nifty trades above 12820, then it could test 12970.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 November 2010

Reliance

Today, 1070 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1070 is crucial for short term. Positional Traders, trade long above 1070, for a target of 1105. Trade short below 1070 for a target of 1050.