Technical View of Cnx IT & Bank Nifty, 12 May 2014

Bank Nifty Intraday levels and trading tips

Today, 13800 is crucial for Intraday.

If Bank Nifty sustains below 13800 then it could test 13500, and below that level it could test 13000.
Instead, if Bank Nifty trades above 13800, then it could test 14200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 May 2014

Reliance

Today, 1000 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000 for a target of 1050. Trade short below 1000 for a target of 980.