Technical View and Trading calls of Cnx IT & Bank Nifty, 18 January 2011

Bank Nifty Intraday levels and trading tips

Today, 10590 is crucial for Intraday.

If Bank Nifty sustains below 10590, then it could test 10300, and below that level it could test 9900.
Instead, if Bank Nifty trades above 10590, then it could test 10780.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 January 2011

Reliance

Today, 1010 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010, for a target of 1040. Trade short below 1010 for a target of 950.