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

Bank Nifty Intraday levels and trading tips

Today, 8620 is crucial for Intraday.

If Bank Nifty sustains below 8620, then it could test 8450, and below that level it could test 8300.
Instead, if Bank Nifty trades above 8620, then it could test 8700.

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

Reliance

Today, 755 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 755 is crucial for short term. Positional Traders, trade long above 755 for a target of 765. Trade short below 755 for a target of 720.