Technical View and Trading calls of Cnx IT & Bank Nifty, 1 December 2010

Bank Nifty Intraday levels and trading tips

Today, 12050 is crucial for Intraday.

If Bank Nifty sustains below 12050, then it could test 11850, and below that level it could test 11650.
Instead, if Bank Nifty trades above 12050, then it could test 12200.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 1 December 2010

Reliance

Today, 980 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 980 is crucial for short term. Positional Traders, trade long above 980, for a target of 1005. Trade short below 980 for a target of 930.