Technical View and Trading calls of Cnx IT & Bank Nifty, 21 December 2011

Bank Nifty Intraday levels and trading tips

Today, 7990 is crucial for Intraday.

If Bank Nifty sustains below 7990, then it could test 7890, and below that level it could test 7800.
Instead, if Bank Nifty trades above 7990, then it could test 8100.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 December 2011

Reliance

Today, 735 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 735 is crucial for short term. Positional Traders, trade long above 735 for a target of 745. Trade short below 735 for a target of 690.