Wednesday, December 13, 2017

Technical View of Bank Nifty & CNX IT, 13 December 2017

Bank Nifty Intraday levels
Today, 25100 is crucial for Intraday.
If Bank Nifty sustains below 25100 then it could test 25050 and below that level it could test 25000.
Instead, if Bank Nifty trades above 25100 then it could test 25250.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 December 2017

Reliance
Today, 910 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.
The level 910 is crucial for short term. Positional long trades can be initiated above 910 for a target of 930. Trade short below 910 for a target of 900.