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

Bank Nifty Intraday levels and trading tips

Today, 9870 is crucial for Intraday.

If Bank Nifty sustains below 9870, then it could test 9750, and below that level it could test 9600.
Instead, if Bank Nifty trades above 9870, then it could test 9950.

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

Reliance

Today, 755 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 755 is crucial for short term. Positional Traders, trade long above 755 for a target of 780. Trade short below 755 for a target of 730.