Technical View of Cnx IT & Bank Nifty, 1 August 2014

Bank Nifty Intraday levels and trading tips

Today, 15200 is crucial for Intraday.

If Bank Nifty sustains below 15200 then it could test 15050 and below that level it could test 14950.
Instead, if Bank Nifty trades above 15200, then it could test 15350.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 1 August 2014

Reliance

Today, 995 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 995 is crucial for short term. Positional Traders, trade long above 995 for a target of 1025. Trade short below 995 for a target of 975.