Technical View of Cnx IT & Bank Nifty, 09 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16220 is crucial for Intraday.

If Bank Nifty sustains below 16220 then it could test 15900 and below that level it could test 15800.
Instead, if Bank Nifty trades above 16050, then it could test 16000.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 09 September 2014

Reliance

Today, 1030 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1030 is crucial for short term. Positional Traders, trade long above 1030 for a target of 1050. Trade short below 1030 for a target of 1020.