Technical View of Bank Nifty & CNX IT, 03 January 2018

Bank Nifty Intraday levels

Today, 25375 is crucial for Intraday.

If Bank Nifty sustains below 25375 then it could test 25250 and below that level it could test 25150.

Instead, if Bank Nifty trades above 25375 then it could test 25600.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 03 January 2018

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional long trades can be initiated above 905 for a target of 940. Trade short below 905 for a target of 890.