Technical View of Cnx IT & Bank Nifty, 23 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16230 is crucial for Intraday.

If Bank Nifty sustains below 16230 then it could test 16130 and below that level it could test 16050.
Instead, if Bank Nifty trades above 16230, then it could test 16320.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 September 2014

Reliance

Today, 985 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 985 is crucial for short term. Positional Traders, trade long above 985 for a target of 1015. Trade short below 985 for a target of 975.