Technical View of Cnx IT & Bank Nifty, 07 August 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 18820.

Instead, if Bank Nifty trades above 19050 then it could test 19200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 07 August 2015

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1020. Trade short below 980 for a target of 970.