Technical View of Cnx IT & Bank Nifty, 5 January 2015

Bank Nifty Intraday levels and trading tips

Today, 19200 is crucial for Intraday.

If Bank Nifty sustains below 19200 then it could test 19050 and below that level it could test 18950.

Instead, if Bank Nifty trades above 19200, then it could test 19350.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 5 January 2015

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 910. Trade short below 885 for a target of 880.