Technical View and Trading calls of Cnx IT & Bank Nifty, 1 August 2012

Bank Nifty Intraday levels and trading tips

Today, 10400 is crucial for Intraday.

If Bank Nifty sustains below 10400, then it could test 10300, and below that level it could test 10200.
Instead, if Bank Nifty trades above 10400, then it could test 10470.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 1 August 2012

Reliance

Today, 745 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 745 is crucial for short term. Positional Traders, trade long above 745 for a target of 765. Trade short below 745 for a target of 715.