Technical View and Trading calls of Cnx IT & Bank Nifty, 23 December 2011

Bank Nifty Intraday levels and trading tips

Today, 8425 is crucial for Intraday.

If Bank Nifty sustains below 8425, then it could test 8250, and below that level it could test 8050.
Instead, if Bank Nifty trades above 8425, then it could test 8500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 December 2011

Reliance

Today, 770 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 770 is crucial for short term. Positional Traders, trade long above 770 for a target of 790. Trade short below 770 for a target of 745.