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

Bank Nifty Intraday levels and trading tips

Today, 10700 is crucial for Intraday.

If Bank Nifty sustains below 10700, then it could test 10550, and below that level it could test 10450.
Instead, if Bank Nifty trades above 10700, then it could test 10750.

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

Reliance

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 930. Trade short below 890 for a target of 860.