Technical View and Trading calls of Cnx IT & Bank Nifty, 7 August 2012

Bank Nifty Intraday levels and trading tips

Today, 10500 is crucial for Intraday.

If Bank Nifty sustains below 10500, then it could test 10400, and below that level it could test 10320.
Instead, if Bank Nifty trades above 10500, then it could test 10550.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 August 2012

Reliance

Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 800. Trade short below 785 for a target of 745.