Technical View and Trading calls of Cnx IT & Bank Nifty, 3 January 2011

Bank Nifty Intraday levels and trading tips

Today, 11850 is crucial for Intraday.

If Bank Nifty sustains below 11850, then it could test 11650, and below that level it could test 11400.
Instead, if Bank Nifty trades above 11850, then it could test 12050.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 January 2011

Reliance

Today, 1065 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1065 is crucial for short term. Positional Traders, trade long above 1065, for a target of 1085. Trade short below 1065 for a target of 1040.