Technical View and Trading Levels of Cnx IT & Bank Nifty,1 Feb

Bank Nifty Intraday levels and range

Today, 8550 is crucial for Intraday.
If Bank Nifty sustains below 8550, then it could test 8500 and below that level it could test 8300.
Instead, if Bank Nifty trades above 8550, then it could test 8850.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel, 1 February

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.
The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1080. Trade short below 1050 for a target of 940.