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

Bank Nifty Intraday levels and trading tips

Today, 10400 is crucial for Intraday.

If Bank Nifty sustains below 10400, then it could test 10200, and below that level it could test 10050.
Instead, if Bank Nifty trades above 10400, then it could test 10450.

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

Reliance

Today, 750 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 750 is crucial for short term. Positional Traders, trade long above 750 for a target of 765. Trade short below 750 for a target of 680.