Technical View of Cnx IT & Bank Nifty, 21 October 2015

Bank Nifty Intraday levels and trading tips

Today, 17950 is crucial for Intraday.

If Bank Nifty sustains below 17950 then it could test 17850 and below that level it could test 17700.

Instead, if Bank Nifty trades above 17950 then it could test 18150.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 21 October 2015

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 990. Trade short below 970 for a target of 940.