Technical View and Trading calls of Cnx IT & Bank Nifty, 29 December 2010

Bank Nifty Intraday levels and trading tips

Today, 11380 is crucial for Intraday.

If Bank Nifty sustains below 11380, then it could test 11280, and below that level it could test 11120.
Instead, if Bank Nifty trades above 11380, then it could test 11580.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 29 December 2010

Reliance

Today, 1055 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1055 is crucial for short term. Positional Traders, trade long above 1055, for a target of 1065. Trade short below 1065 for a target of 1035.