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

Bank Nifty Intraday levels and trading tips

Today, 9975 is crucial for Intraday.

If Bank Nifty sustains below 9975, then it could test 9880, and below that level it could test 9800.
Instead, if Bank Nifty trades above 9975, then it could test 10300.

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

Reliance

Today, 905 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 940. Trade short below 905 for a target of 850.