Technical View and Trading calls of Cnx IT & Bank Nifty, 9 August 2011

Bank Nifty Intraday levels and trading tips

Today, 10100 is crucial for Intraday.

If Bank Nifty sustains below 10100, then it could test 9900, and below that level it could test 9800.
Instead, if Bank Nifty trades above 10100, then it could test 10200.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 August 2011

Reliance

Today, 780 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 780 is crucial for short term. Positional Traders, trade long above 780 for a target of 800. Trade short below 780 for a target of 730.