Technical View and Trading calls of Cnx IT & Bank Nifty, 7 October 2010

Bank Nifty Intraday levels and trading tips

Today, 12680 is crucial for Intraday.

If Bank Nifty sustains below 12680, then it could test 12570, and below that level it could test 12500.
Instead, if Bank Nifty trades above 12680, then it could test 12800.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 October 2010

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1100. Trade short below 1050 for a target of 1025.