Technical View and Trading calls of Cnx IT & Bank Nifty, 2 January 2012

Bank Nifty Intraday levels and trading tips

Today, 8010 is crucial for Intraday.

If Bank Nifty sustains below 8010, then it could test 7880, and below that level it could test 7800.
Instead, if Bank Nifty trades above 8010, then it could test 8070.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 January 2012

Reliance

Today, 700 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 700 is crucial for short term. Positional Traders, trade long above 700 for a target of 710. Trade short below 700 for a target of 660.