Technical View of Cnx IT & Bank Nifty, 23 January 2015

Bank Nifty Intraday levels and trading tips

Today, 20200 is crucial for Intraday.

If Bank Nifty sustains below 20200 then it could test 20000 and below that level it could test 19900.

Instead, if Bank Nifty trades above 20200 then it could test 20350.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 January 2015

Reliance

Today, 895 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 895 is crucial for short term. Positional Traders, trade long above 895 for a target of 910. Trade short below 895 for a target of 870.