Technical View of Cnx IT & Bank Nifty, 18 November 2014

Bank Nifty Intraday levels and trading tips

Today, 17600 is crucial for Intraday.

If Bank Nifty sustains below 17600 then it could test 17550 and below that level it could test 17500.

Instead, if Bank Nifty trades above 17600, then it could test 17850.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 November 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 1020. Trade short below 980 for a target of 970.