Technical View and Trading calls of Cnx IT & Bank Nifty, 16 April 2012

Bank Nifty Intraday levels and trading tips

Today, 10280 is crucial for Intraday.

If Bank Nifty sustains below 10280, then it could test 10150, and below that level it could test 10050.
Instead, if Bank Nifty trades above 10280, then it could test 10400.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 April 2012

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 775. Trade short below 755 for a target of 680.