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

Bank Nifty Intraday levels and trading tips

Today, 9150 is crucial for Intraday.

If Bank Nifty sustains below 9150, then it could test 8900, and below that level it could test 8650.
Instead, if Bank Nifty trades above 9150, then it could test 9200.

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

Reliance

Today, 865 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 865 for a target of 810. Trade short below 865 for a target of 885.