Technical View of Cnx IT & Bank Nifty, 4 February 2014

Bank Nifty Intraday levels and trading tips

Today, 10100 is crucial for Intraday.

If Bank Nifty sustains below 10100 then it could test 10000, and below that level it could test 9900.
Instead, if Bank Nifty trades above 10100, then it could test 10250.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 4 February 2014

Reliance

Today, 820 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 820 is crucial for short term. Positional Traders, trade long above 820 for a target of 835. Trade short below 820 for a target of 800.