Technical View and Trading calls of Cnx IT & Bank Nifty, 12 January 2011

Bank Nifty Intraday levels and trading tips

Today, 10950 is crucial for Intraday.

If Bank Nifty sustains below 10950, then it could test 10600, and below that level it could test 10400.
Instead, if Bank Nifty trades above 10950, then it could test 11150.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 January 2011

Reliance

Today, 1025 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025, for a target of 1050. Trade short below 1025 for a target of 980.