Technical View and Trading calls of Cnx IT & Bank Nifty, 22 August 2011

Bank Nifty Intraday levels and trading tips

Today, 9470 is crucial for Intraday.

If Bank Nifty sustains below 9470, then it could test 9320, and below that level it could test 9250.
Instead, if Bank Nifty trades above 9470, then it could test 9550.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 August 2011

Reliance

Today, 740 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 740 is crucial for short term. Positional Traders, trade long above 740 for a target of 755. Trade short below 740 for a target of 680.