Technical View of Cnx IT & Bank Nifty, 8 January 2014

Bank Nifty Intraday levels and trading tips

Today, 11100 is crucial for Intraday.

If Bank Nifty sustains below 11100 then it could test 10900, and below that level it could test 10850.
Instead, if Bank Nifty trades above 11100, then it could test 11250.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 8 January 2014

Reliance

Today, 835 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 865. Trade short below 835 for a target of 820.