Technical View and Trading calls of Cnx IT & Bank Nifty, 16 May 2012

Bank Nifty Intraday levels and trading tips

Today, 9100 is crucial for Intraday.

If Bank Nifty sustains below 9100, then it could test 8900, and below that level it could test 8800.
Instead, if Bank Nifty trades above 9100, then it could test 9270.

Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 May 2012

Reliance

Today, 680 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 680 is crucial for short term. Positional Traders, trade long above 680 for a target of 690. Trade short below 680 for a target of 650.