Technical View and Trading calls of Cnx IT & Bank Nifty, 16 February 2011

Bank Nifty Intraday levels and trading tips

Today, 10920 is crucial for Intraday.

If Bank Nifty sustains below 10920, then it could test 10850, and below that level it could test 10650.
Instead, if Bank Nifty trades above 10920, then it could test 11050.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 February 2011

Reliance

Today, 950 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 950 is crucial for short term. Positional Traders, trade long above 950 for a target of 990. Trade short below 950 for a target of 915.