Technical View of Bank Nifty & CNX IT, 01 November 2017

Bank Nifty Intraday levels

Today, 25050 is crucial for Intraday.

If Bank Nifty sustains below 25050 then it could test 24900 and below that level it could test 24800.

Instead, if Bank Nifty trades above 25050 then it could test 25200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 01 November 2017

Reliance

Today, 935 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 935 is crucial for short term. Positional long trades can be initiated above 945 for a target of 955. Trade short below 935 for a target of 925.