Technical View of Cnx IT & Bank Nifty, 22 January 2014

Bank Nifty Intraday levels and trading tips

Today, 11200 is crucial for Intraday.

If Bank Nifty sustains below 11200 then it could test 11150, and below that level it could test 11100.
Instead, if Bank Nifty trades above 11200, then it could test 11350.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 January 2014

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 860 for a target of 895. Trade short below 860 for a target of 850.