Technical View of Cnx IT & Bank Nifty, 29 April 2014

Bank Nifty Intraday levels and trading tips

Today, 12900 is crucial for Intraday.

If Bank Nifty sustains below 12900 then it could test 12900, and below that level it could test 12800.
Instead, if Bank Nifty trades above 12850, then it could test 12800.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 April 2014

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 965. Trade short below 940 for a target of 930.