Technical View of Cnx IT & Bank Nifty, 27 October 2014

Bank Nifty Intraday levels and trading tips

Today, 16500 is crucial for Intraday.

If Bank Nifty sustains below 16500 then it could test 16300 and below that level it could test 16150.

Instead, if Bank Nifty trades above 16500, then it could test 16580.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 27 October 2014

Reliance

Today, 960 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 970. Trade short below 960 for a target of 930.