Technical View and Trading calls of Cnx IT & Bank Nifty, 16 March 2011

Bank Nifty Intraday levels and trading tips

Today, 10790 is crucial for Intraday.

If Bank Nifty sustains below 10790, then it could test 10650, and below that level it could test 10550.
Instead, if Bank Nifty trades above 10790, then it could test 10900.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 March 2011

Reliance

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040 for a target of 1080. Trade short below 1040 for a target of 1005.