Technical View of Cnx IT & Bank Nifty, 10 January 2013

Bank Nifty Intraday levels and trading tips

Today, 12790 is crucial for Intraday.

If Bank Nifty sustains below 12790, then it could test 12600, and below that level it could test 12450.
Instead, if Bank Nifty trades above 12790, then it could test 12830.

Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 10 January 2013

Reliance

Today, 847 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 847 is crucial for short term. Positional Traders, trade long above 847 for a target of 865. Trade short below 847 for a target of 825.