Technical View of Cnx IT & Bank Nifty, 5 March 2014

Bank Nifty Intraday levels and trading tips

Today, 10950 is crucial for Intraday.

If Bank Nifty sustains below 10950 then it could test 10850, and below that level it could test 10750.
Instead, if Bank Nifty trades above 10950, then it could test 11150.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 5 March 2014

Reliance

Today, 815 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 815 is crucial for short term. Positional Traders, trade long above 815 for a target of 835. Trade short below 815 for a target of 805.