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

Bank Nifty Intraday levels and trading tips
 

Today, 12500 is crucial for Intraday.

If Bank Nifty sustains below 12500 then it could test 12350, and below that level it could test 12150.
Instead, if Bank Nifty trades above 12500, then it could test 12630.

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

Reliance

Today, 825 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 825 is crucial for short term. Positional Traders, trade long above 825 for a target of 835. Trade short below 825 for a target of 760.