Technical View and Trading calls of Cnx IT & Bank Nifty, 31 May 2011

Bank Nifty Intraday levels and trading tips

Today, 10850 is crucial for Intraday.

If Bank Nifty sustains below 10850, then it could test 10650, and below that level it could test 10550.
Instead, if Bank Nifty trades above 10850, then it could test 11000.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 31 May 2011

Reliance

Today, 930 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional Traders, trade long above 930 for a target of 970. Trade short below 930 for a target of 915.