Technical View of Cnx IT & Bank Nifty, 8 January 2013

Bank Nifty Intraday levels and trading tips

Today, 12730 is crucial for Intraday.

If Bank Nifty sustains below 12730, then it could test 12650, and below that level it could test 12500.
Instead, if Bank Nifty trades above 12730, then it could test 12820.

Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 January 2013

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 880. Trade short below 860 for a target of 835.