Technical View and Trading calls of Cnx IT & Bank Nifty, 8 April 2011

Bank Nifty Intraday levels and trading tips

Today, 11780 is crucial for Intraday.

If Bank Nifty sustains below 11780, then it could test 11650, and below that level it could test 11500.
Instead, if Bank Nifty trades above 11780, then it could test 11850.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 April 2011

Reliance

Today, 1060 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1060 is crucial for short term. Positional Traders, trade long above 1060 for a target of 1090. Trade short below 1060 for a target of 1010.