Technical View of Cnx IT & Bank Nifty, 9 May 2013

Bank Nifty Intraday levels and trading tips
 

Today, 12700 is crucial for Intraday.

If Bank Nifty sustains below 12700 then it could test 12450, and below that level it could test 12350.
Instead, if Bank Nifty trades above 12700, then it could test 12800.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 May 2013

Reliance

Today, 835 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 845. Trade short below 835 for a target of 760.