Technical View of Cnx IT & Bank Nifty, 17 April 2014

Bank Nifty Intraday levels and trading tips

Today, 12500 is crucial for Intraday.

If Bank Nifty sustains below 12500 then it could test 12400, and below that level it could test 12200.
Instead, if Bank Nifty trades above 12500, then it could test 12900.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 17 April 2014

Reliance

Today, 935 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 935 is crucial for short term. Positional Traders, trade long above 935 for a target of 975. Trade short below 935 for a target of 920.