Technical View and Trading calls of Cnx IT & Bank Nifty, 20 October 2011

Bank Nifty Intraday levels and trading tips

Today, 9800 is crucial for Intraday.

If Bank Nifty sustains below 9800, then it could test 9660, and below that level it could test 9500.
Instead, if Bank Nifty trades above 9800, then it could test 9950.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 20 October 2011

Reliance

Today, 842 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 842 is crucial for short term. Positional Traders, trade long above 842 for a target of 860. Trade short below 842 for a target of 790.