Technical View of Bank Nifty & CNX IT, 18 January 2018

Bank Nifty Intraday levels

Today, 26100 is crucial for Intraday.

If Bank Nifty sustains below 26100 then it could test 25900 and below that level it could test 25750.

Instead, if Bank Nifty trades above 26100 then it could test 26300.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 January 2018

Reliance

Today, 925 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 925 is crucial for short term. Positional long trades can be initiated above 925 for a target of 950. Trade short below 925 for a target of 905.