Technical View of Cnx IT & Bank Nifty, 7 February 2014

Bank Nifty Intraday levels and trading tips

Today, 10300 is crucial for Intraday.

If Bank Nifty sustains below 10300 then it could test 10200, and below that level it could test 10125.
Instead, if Bank Nifty trades above 10300, then it could test 10450.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 February 2014

Reliance

Today, 810 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 840. Trade short below 810 for a target of 800.