Technical View of Cnx IT & Bank Nifty, 07 July 2015

Bank Nifty Intraday levels and trading tips

Today, 19000 is crucial for Intraday.

If Bank Nifty sustains below 19000 then it could test 18800 and below that level it could test 18700.

Instead, if Bank Nifty trades above 19000 then it could test 19200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 07 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 990.