Technical View of Cnx IT & Bank Nifty, 30 December 2015

Bank Nifty Intraday levels and trading tips

Today, 17050 is crucial for Intraday.

If Bank Nifty sustains below 17050 then it could test 16900 and below that level it could test 16800.

Instead, if Bank Nifty trades above 17050 then it could test 17100.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 30 December 2015

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1040. Trade short below 1010 for a target of 970