Technical View of Cnx IT & Bank Nifty, 1 January 2015

Bank Nifty Intraday levels and trading tips

Today, 18750 is crucial for Intraday.

If Bank Nifty sustains below 18750 then it could test 18650 and below that level it could test 18550.

Instead, if Bank Nifty trades above 18750, then it could test 18900.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 1 January 2015

Reliance

Today, 880 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 910. Trade short below 880 for a target of 875.