Technical View of Cnx IT & Bank Nifty, 16 January 2014

Bank Nifty Intraday levels and trading tips

Today, 11170 is crucial for Intraday.

If Bank Nifty sustains below 11170 then it could test 11000, and below that level it could test 10900.
Instead, if Bank Nifty trades above 11170, then it could test 11300.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 January 2014

Reliance

Today, 880 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 910. Trade short below 880 for a target of 870.