Technical View and Trading calls of Cnx IT & Bank Nifty, 28 November 2011

Bank Nifty Intraday levels and trading tips

Today, 8550 is crucial for Intraday.

If Bank Nifty sustains below 8550, then it could test 8450, and below that level it could test 8280.
Instead, if Bank Nifty trades above 8550, then it could test 8700.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 28 November 2011

Reliance

Today, 765 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 765 is crucial for short term. Positional Traders, trade long above 765 for a target of 780. Trade short below 765 for a target of 730.