Technical View and Trading calls of Cnx IT & Bank Nifty, 16 November 2012

Bank Nifty Intraday levels and trading tips

Today, 11535 is crucial for Intraday.

If Bank Nifty sustains below 11535, then it could test 11400, and below that level it could test 11300.
Instead, if Bank Nifty trades above 11535, then it could test 11600.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 November 2012

Reliance

Today, 795 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 795 is crucial for short term. Positional Traders, trade long above 795 for a target of 815. Trade short below 795 for a target of 770.