Technical View of Cnx IT & Bank Nifty, 2 June 2014

Bank Nifty Intraday levels and trading tips

Today, 14950 is crucial for Intraday.

If Bank Nifty sustains below 14950 then it could test 14800 and below that level it could test 14650.
Instead, if Bank Nifty trades above 14950, then it could test 15050.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 2 June 2014

Reliance

Today, 1090 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1900 is crucial for short term. Positional Traders, trade long above 1090 for a target of 1120. Trade short below 1090 for a target of 1040.