Technical View of Cnx IT & Bank Nifty, 04 May 2015

Bank Nifty Intraday levels and trading tips

Today, 18450 is crucial for Intraday.

If Bank Nifty sustains below 18450 then it could test 18200 and below that level it could test 18100.

Instead, if Bank Nifty trades above 18450 then it could test 18650.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 04 May 2015

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 890. Trade short below 870 for a target of 840.