Technical View of Cnx IT & Bank Nifty, 22 October 2014

Bank Nifty Intraday levels and trading tips

Today, 16450 is crucial for Intraday.

If Bank Nifty sustains below 16450 then it could test 16150 and below that level it could test 16000.
Instead, if Bank Nifty trades above 16450, then it could test 16550.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 October 2014

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 955. Trade short below 940 for a target of 910.