Technical View of Cnx IT & Bank Nifty, 5 February 2013

Bank Nifty Intraday levels and trading tips

Today, 12500 is crucial for Intraday.

If Bank Nifty sustains below 12500 then it could test 12400, and below that level it could test 12300.
Instead, if Bank Nifty trades above 12500, then it could test 12600.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 February 2013

Reliance

Today, 900 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 920. Trade short below 900 for a target of 870.