Technical View of Cnx IT & Bank Nifty, 18 December 2012

Bank Nifty Intraday levels and trading tips

Today, 12470 is crucial for Intraday.

If Bank Nifty sustains below 12470, then it could test 12250, and below that level it could test 12100.
Instead, if Bank Nifty trades above 12470, then it could test 12550.

Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 December 2012

Reliance

Today, 840 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 850. Trade short below 840 for a target of 805.