Technical View of Cnx IT & Bank Nifty, 22 January 2016

Bank Nifty Intraday levels and trading tips

Today, 15400 is crucial for Intraday.

If Bank Nifty sustains below 15400 then it could test 15200 and below that level it could test 15000.

Instead, if Bank Nifty trades above 15400 then it could test 15500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 January 2016

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1020. Trade short below 1010 for a target of 970