Technical View and Trading calls of Cnx IT & Bank Nifty, 20 April 2011

Bank Nifty Intraday levels and trading tips

Today, 11600 is crucial for Intraday.

If Bank Nifty sustains below 11600 then it could test 11400, and below that level it could test 11300.
Instead, if Bank Nifty trades above 11600, then it could test 11800.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 20 April 2011

Reliance

Today, 1020 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1020 is crucial for short term. Positional Traders, trade long above 1020 for a target of 1040. Trade short below 1020 for a target of 960.