Technical View and Trading calls of Cnx IT & Bank Nifty, 15 December 2011

Bank Nifty Intraday levels and trading tips

Today, 8420 is crucial for Intraday.

If Bank Nifty sustains below 8420, then it could test 8250, and below that level it could test 8100.
Instead, if Bank Nifty trades above 8420, then it could test 8500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 15 December 2011

Reliance

Today, 740 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 740 is crucial for short term. Positional Traders, trade long above 740 for a target of 750. Trade short below 740 for a target of 700.