Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 31 October 2014

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1015. Trade short below 980 for a target of 960.

Technical View of Cnx IT & Bank Nifty, 30 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 16850.