Technical View of Cnx IT & Bank Nifty, 17 May 2013

Bank Nifty Intraday levels and trading tips
 

Today, 13300 is crucial for Intraday.

If Bank Nifty sustains below 13300 then it could test 13100, and below that level it could test 12900.
Instead, if Bank Nifty trades above 13300, then it could test 13400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 May 2013

Reliance

Today, 845 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 845 is crucial for short term. Positional Traders, trade long above 845 for a target of 855. Trade short below 845 for a target of 800.