Technical View of Cnx IT & Bank Nifty, 8 May 2014

Bank Nifty Intraday levels and trading tips

Today, 13000 is crucial for Intraday.

If Bank Nifty sustains below 13000 then it could test 12900, and below that level it could test 12850.
Instead, if Bank Nifty trades above 13000, then it could test 13200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 8 May 2014

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 1000. Trade short below 970 for a target of 955.