Technical View and Trading Levels of Cnx IT & Bank Nifty, 21 May

Bank Nifty Intraday levels and range 

Today, 8950 is crucial for Intraday.

If Bank Nifty sustains below 8950, then it could test 8850.
Instead, if Bank Nifty trades above 8950, then it could test 9150.

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 May

Reliance

Today, 1000 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000, for a target of 1040. Trade short below 1100 for a target of 960.