Technical View and Trading calls of Cnx IT & Bank Nifty, 5 October 2011

Bank Nifty Intraday levels and trading tips

Today, 8930 is crucial for Intraday.

If Bank Nifty sustains below 8930, then it could test 8860, and below that level it could test 8780.
Instead, if Bank Nifty trades above 8930, then it could test 8980.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 October 2011

Reliance

Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 815. Trade short below 785 for a target of 700.