Technical View of Cnx IT & Bank Nifty, 16 April 2013

Bank Nifty Intraday levels and trading tips
 

Today, 11650 is crucial for Intraday.

If Bank Nifty sustains below 11650 then it could test 11450, and below that level it could test 11250.
Instead, if Bank Nifty trades above 11650, then it could test 11750.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 April 2013

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 820. Trade short below 800 for a target of 755.