Technical View and Trading calls of Cnx IT & Bank Nifty, 7 December 2010

Bank Nifty Intraday levels and trading tips

Today, 12040 is crucial for Intraday.

If Bank Nifty sustains below 12040, then it could test 11850, and below that level it could test 11650.
Instead, if Bank Nifty trades above 12040, then it could test 12200.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 December 2010

Reliance

Today, 1020 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1020 is crucial for short term. Positional Traders, trade long above 1020, for a target of 1050. Trade short below 1020 for a target of 980.