Technical View of Cnx IT & Bank Nifty, 6 May 2013

Bank Nifty Intraday levels and trading tips
 

Today, 12450 is crucial for Intraday.

If Bank Nifty sustains below 12450 then it could test 12300, and below that level it could test 12100.
Instead, if Bank Nifty trades above 12450, then it could test 12600.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 6 May 2013

Reliance

Today, 805 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 805 is crucial for short term. Positional Traders, trade long above 805 for a target of 815. Trade short below 805 for a target of 760.