Technical View of Cnx IT & Bank Nifty, 29 May 2014

Bank Nifty Intraday levels and trading tips

Today, 15300 is crucial for Intraday.

If Bank Nifty sustains below 15300 then it could test 15100 and below that level it could test 15000.
Instead, if Bank Nifty trades above 15300, then it could test 15700.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 May 2014

Reliance

Today, 1105 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1105 is crucial for short term. Positional Traders, trade long above 1105 for a target of 1140. Trade short below 1105 for a target of 1075.