Technical View of Cnx IT & Bank Nifty, 18 May 2015

Bank Nifty Intraday levels and trading tips

Today, 18300 is crucial for Intraday.

If Bank Nifty sustains below 18300 then it could test 18000 and below that level it could test 17800.

Instead, if Bank Nifty trades above 18300 then it could test 18500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 May 2015

Reliance

Today, 890 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 920. Trade short below 890 for a target of 860.