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

Bank Nifty Intraday levels and trading tips

Today, 10950 is crucial for Intraday.

If Bank Nifty sustains below 10950 then it could test 10850, and below that level it could test 10650.
Instead, if Bank Nifty trades above 10950, then it could test 11210.

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

Reliance

Today, 960 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 990. Trade short below 960 for a target of 915.