Technical View of Cnx IT & Bank Nifty, 29 December 2014

Bank Nifty Intraday levels and trading tips

Today, 18700 is crucial for Intraday.

If Bank Nifty sustains below 18700 then it could test 18650 and below that level it could test 18550.

Instead, if Bank Nifty trades above 18700, then it could test 18850.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 December 2014

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 910. Trade short below 885 for a target of 880.