Technical View of Cnx IT & Bank Nifty, 02 July 2015

Bank Nifty Intraday levels and trading tips

Today, 18700 is crucial for Intraday.

If Bank Nifty sustains below 18700 then it could test 18500 and below that level it could test 18400.

Instead, if Bank Nifty trades above 18700 then it could test 18850.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 02 July 2015

Reliance

Today, 1015 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1015 is crucial for short term. Positional Traders, trade long above 1015 for a target of 1040. Trade short below 1015 for a target of 980.