Technical View and Trading calls of Cnx IT & Bank Nifty, 13 January 2011

Bank Nifty Intraday levels and trading tips

Today, 11050 is crucial for Intraday.

If Bank Nifty sustains below 11050, then it could test 10800, and below that level it could test 10500.
Instead, if Bank Nifty trades above 11050, then it could test 11400.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 13 January 2011

Reliance

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

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1075. Trade short below 1040 for a target of 980.