Technical View and Trading calls of Cnx IT & Bank Nifty, 31 December 2010

Bank Nifty Intraday levels and trading tips

Today, 11650 is crucial for Intraday.

If Bank Nifty sustains below 11650, then it could test 11380, and below that level it could test 11280.
Instead, if Bank Nifty trades above 11650, then it could test 11850.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 31 December 2010

Reliance

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1065. Trade short below 1040 for a target of 1020.