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

Bank Nifty Intraday levels and trading tips

Today, 16250 is crucial for Intraday.

If Bank Nifty sustains below 16250 then it could test 16170 and below that level it could test 16100.
Instead, if Bank Nifty trades above 16250, then it could test 16350.

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

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1035. Trade short below 1010 for a target of 1000.