Technical View of Cnx IT & Bank Nifty, 18 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16050 is crucial for Intraday.

If Bank Nifty sustains below 16050 then it could test 15930 and below that level it could test 15750.
Instead, if Bank Nifty trades above 16050, then it could test 16200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 September 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 1015. Trade short below 990 for a target of 980.