Technical View of Cnx IT & Bank Nifty, 31 December 2012

Bank Nifty Intraday levels and trading tips

Today, 12520 is crucial for Intraday.

If Bank Nifty sustains below 12520, then it could test 12400, and below that level it could test 12350.
Instead, if Bank Nifty trades above 12520, then it could test 12600.

Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 31 December 2012

Reliance

Today, 850 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 860. Trade short below 850 for a target of 815.