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

Bank Nifty Intraday levels and trading tips

Today, 15200 is crucial for Intraday.

If Bank Nifty sustains below 15200 then it could test 15050 and below that level it could test 14950.
Instead, if Bank Nifty trades above 15200, then it could test 15500.

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

Reliance

Today, 1115 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1115 is crucial for short term. Positional Traders, trade long above 1115 for a target of 1140. Trade short below 1115 for a target of 1070.