Technical View and Trading calls of Cnx IT & Bank Nifty, 9 December 2011

Bank Nifty Intraday levels and trading tips

Today, 8900 is crucial for Intraday.

If Bank Nifty sustains below 8900, then it could test 8700, and below that level it could test 8500.
Instead, if Bank Nifty trades above 8900, then it could test 9300.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 December 2011

Reliance

Today, 775 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 775 is crucial for short term. Positional Traders, trade long above 775 for a target of 785. Trade short below 775 for a target of 740.