Technical View and Trading calls of Cnx IT & Bank Nifty, 12 December 2011

Bank Nifty Intraday levels and trading tips

Today, 8950 is crucial for Intraday.

If Bank Nifty sustains below 8950, then it could test 8700, and below that level it could test 8500.
Instead, if Bank Nifty trades above 8950, then it could test 9050.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 December 2011

Reliance

Today, 750 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 750 is crucial for short term. Positional Traders, trade long above 750 for a target of 775. Trade short below 750 for a target of 710.