Technical View of Cnx IT & Bank Nifty, 18 January 2013

Bank Nifty Intraday levels and trading tips

Today, 12710 is crucial for Intraday.

If Bank Nifty sustains below 12710 then it could test 12580, and below that level it could test 12450.
Instead, if Bank Nifty trades above 12710, then it could test 12770.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 January 2013

Reliance

Today, 895 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 895 is crucial for short term. Positional Traders, trade long above 895 for a target of 910. Trade short below 895 for a target of 865.