Technical View of Cnx IT & Bank Nifty, 6 January 2014

Bank Nifty Intraday levels and trading tips
 

Today, 11240 is crucial for Intraday.

If Bank Nifty sustains below 11240 then it could test 11150, and below that level it could test 11100.
Instead, if Bank Nifty trades above 11240, then it could test 11320.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 6 January 2014

Reliance

Today, 855 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 855 is crucial for short term. Positional Traders, trade long above 855 for a target of 880. Trade short below 855 for a target of 845.