Technical View and Trading calls of Cnx IT & Bank Nifty, 5 January 2012

Bank Nifty Intraday levels and trading tips

Today, 8390 is crucial for Intraday.

If Bank Nifty sustains below 8390, then it could test 8300, and below that level it could test 8200.
Instead, if Bank Nifty trades above 8390, then it could test 8450.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 January 2012

Reliance

Today, 725 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 725 is crucial for short term. Positional Traders, trade long above 725 for a target of 745. Trade short below 725 for a target of 700.