Technical View of Cnx IT & Bank Nifty, 5 August 2014

Bank Nifty Intraday levels and trading tips

Today, 15320 is crucial for Intraday.

If Bank Nifty sustains below 15320 then it could test 15100 and below that level it could test 14900.
Instead, if Bank Nifty trades above 15320, then it could test 15400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 5 August 2014

Reliance

Today, 990 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1005. Trade short below 990 for a target of 950.