Technical View of Cnx IT & Bank Nifty, 29 August 2013

Bank Nifty Intraday levels and trading tips
 

Today, 8870 is crucial for Intraday.

If Bank Nifty sustains below 8870 then it could test 8700, and below that level it could test 8400.
Instead, if Bank Nifty trades above 8870, then it could test 9050.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 29 August 2013

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 835. Trade short below 800 for a target of 770.