Technical View and Trading Levels of Cnx IT & Bank Nifty, 16 June 2010

Bank Nifty Intraday levels and range 

Today, 9490 is crucial for Intraday.

If Bank Nifty sustains below 9490, then it could test 9400.
Instead, if Bank Nifty trades above 9490, then it could test 9570.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 June 2010

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1090. Trade short below 1050 for a target of 975.