Technical View and Trading calls of Cnx IT & Bank Nifty, 1 August 2011

Bank Nifty Intraday levels and trading tips

Today, 11070 is crucial for Intraday.

If Bank Nifty sustains below 11070, then it could test 10970, and below that level it could test 10850.
Instead, if Bank Nifty trades above 11070, then it could test 11150.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 1 August 2011

Reliance

Today, 830 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 855. Trade short below 830 for a target of 800.