Technical View and Trading calls of Cnx IT & Bank Nifty, 8 May 2012

Bank Nifty Intraday levels and trading tips

Today, 9900 is crucial for Intraday.

If Bank Nifty sustains below 9900, then it could test 9800, and below that level it could test 9650.
Instead, if Bank Nifty trades above 9900, then it could test 10050.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 May 2012

Reliance

Today, 725 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 725 is crucial for short term. Positional Traders, trade long above 725 for a target of 740. Trade short below 725 for a target of 680.