Technical View of Cnx IT & Bank Nifty, 7 February 2013

Bank Nifty Intraday levels and trading tips

Today, 12400 is crucial for Intraday.

If Bank Nifty sustains below 12400 then it could test 12300, and below that level it could test 12200.
Instead, if Bank Nifty trades above 12400, then it could test 12525.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 February 2013

Reliance

Today, 885 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 920. Trade short below 885 for a target of 860.