Technical View and Trading calls of Cnx IT & Bank Nifty, 23 August 2012

Bank Nifty Intraday levels and trading tips

Today, 10550 is crucial for Intraday.

If Bank Nifty sustains below 10550, then it could test 10450, and below that level it could test 10340.
Instead, if Bank Nifty trades above 10550, then it could test 10600.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 August 2012

Reliance

Today, 810 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 830. Trade short below 810 for a target of 780.