Technical View of Cnx IT & Bank Nifty, 2 May 2013

Bank Nifty Intraday levels and trading tips
 

Today, 12600 is crucial for Intraday.

If Bank Nifty sustains below 12600 then it could test 12400, and below that level it could test 12350.
Instead, if Bank Nifty trades above 12600, then it could test 12700.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 May 2013

Reliance

Today, 795 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 795 is crucial for short term. Positional Traders, trade long above 795 for a target of 805. Trade short below 785 for a target of 760.