Technical View of Cnx IT & Bank Nifty, 23 April 2014

Bank Nifty Intraday levels and trading tips

Today, 13050 is crucial for Intraday.

If Bank Nifty sustains below 13050 then it could test 12900, and below that level it could test 12800.
Instead, if Bank Nifty trades above 13050, then it could test 13300.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 April 2014

Reliance

Today, 965 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 965 is crucial for short term. Positional Traders, trade long above 965 for a target of 995. Trade short below 965 for a target of 950.