Technical View of Bank Nifty & CNX IT, 20 November 2017

Bank Nifty Intraday levels

Today, 25800 is crucial for Intraday.

If Bank Nifty sustains below 25800 then it could test 25650 and below that level it could test 25500.

Instead, if Bank Nifty trades above 25800 then it could test 25900.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 November 2017

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional long trades can be initiated above 905 for a target of 925. Trade short below 905 for a target of 895.