Technical View and Trading calls of Cnx IT & Bank Nifty, 5 January 2011

Bank Nifty Intraday levels and trading tips

Today, 11650 is crucial for Intraday.

If Bank Nifty sustains below 11650, then it could test 11380, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11650, then it could test 11850.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 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.