Technical View of Cnx IT & Bank Nifty, 22 May 2014

Bank Nifty Intraday levels and trading tips

Today, 15100 is crucial for Intraday.

If Bank Nifty sustains below 15100 then it could test 14880 and below that level it could test 14700.
Instead, if Bank Nifty trades above 15100, then it could test 15600.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 May 2014

Reliance

Today, 1070 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1070 is crucial for short term. Positional Traders, trade long above 1070 for a target of 1140. Trade short below 1070 for a target of 1040.