Technical View of Cnx IT & Bank Nifty, 20 November 2014

Bank Nifty Intraday levels and trading tips

Today, 17700 is crucial for Intraday.

If Bank Nifty sustains below 17700 then it could test 17550 and below that level it could test 17500.

Instead, if Bank Nifty trades above 17700, then it could test 17800.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 November 2014

Reliance

Today, 975 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 975 is crucial for short term. Positional Traders, trade long above 975 for a target of 1020. Trade short below 975 for a target of 965.