Technical View and Trading calls of Cnx IT & Bank Nifty, 22 November 2011

Bank Nifty Intraday levels and trading tips

Today, 8700 is crucial for Intraday.

If Bank Nifty sustains below 8700, then it could test 8550, and below that level it could test 8400.
Instead, if Bank Nifty trades above 8700, then it could test 8830.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 November 2011

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 815. Trade short below 800 for a target of 750.