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

Bank Nifty Intraday levels and trading tips

Today, 17800 is crucial for Intraday.

If Bank Nifty sustains below 17800 then it could test 17600 and below that level it could test 17400.

Instead, if Bank Nifty trades above 17800 then it could test 18150.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 June 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 940. Trade short below 920 for a target of 905.