Technical View of Cnx IT & Bank Nifty, 12 February 2013

Bank Nifty Intraday levels and trading tips

Today, 12300 is crucial for Intraday.

If Bank Nifty sustains below 12300 then it could test 12180, and below that level it could test 12050.
Instead, if Bank Nifty trades above 12300, then it could test 12400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 February 2013

Reliance

Today, 880 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 900. Trade short below 880 for a target of 835.