Technical View and Trading calls of Cnx IT & Bank Nifty, 5 June 2012

Bank Nifty Intraday levels and trading tips

Today, 9420 is crucial for Intraday.

If Bank Nifty sustains below 9420, then it could test 9300, and below that level it could test 9200.
Instead, if Bank Nifty trades above 9420, then it could test 9500.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 June 2012

Reliance

Today, 700 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 700 is crucial for short term. Positional Traders, trade long above 700 for a target of 720. Trade short below 700 for a target of 660.