Technical View of Cnx IT & Bank Nifty, 12 December 2014

Bank Nifty Intraday levels and trading tips

Today, 18550 is crucial for Intraday.

If Bank Nifty sustains below 18550 then it could test 18350 and below that level it could test 18200.

Instead, if Bank Nifty trades above 18550, then it could test 18800.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 December 2014

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 930. Trade short below 905 for a target of 900.