Technical View of Cnx IT & Bank Nifty, 05 February 2015

Bank Nifty Intraday levels and trading tips

Today, 19050 is crucial for Intraday.

If Bank Nifty sustains below 19050 then it could test 18900 and below that level it could test 18700.

Instead, if Bank Nifty trades above 19050 then it could test 19500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 February 2015

Reliance

Today, 920 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 970. Trade short below 920 for a target of 905.