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

Bank Nifty Intraday levels and trading tips

Today, 11160 is crucial for Intraday.

If Bank Nifty sustains below 11160 then it could test 11270, and below that level it could test 11400.
Instead, if Bank Nifty trades above 11160, then it could test 11800.

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

Reliance

Today, 990 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 995 for a target of 1005. Trade short below 990 for a target of 955.