Technical View of Cnx IT & Bank Nifty, 24 December 2012

Bank Nifty Intraday levels and trading tips

Today, 12350 is crucial for Intraday.

If Bank Nifty sustains below 12350, then it could test 12250, and below that level it could test 12150.
Instead, if Bank Nifty trades above 12350, then it could test 12420.

Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 24 December 2012

Reliance

Today, 830 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 845. Trade short below 830 for a target of 805.