Technical View of Cnx IT & Bank Nifty, 29 October 2014

Bank Nifty Intraday levels and trading tips

Today, 16700 is crucial for Intraday.

If Bank Nifty sustains below 16700 then it could test 16550 and below that level it could test 16450.

Instead, if Bank Nifty trades above 16700, then it could test 16750.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 October 2014

Reliance

Today, 945 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 945 is crucial for short term. Positional Traders, trade long above 945 for a target of 950. Trade short below 945 for a target of 915.