Technical View of Cnx IT & Bank Nifty, 4 June 2014

Bank Nifty Intraday levels and trading tips

Today, 15400 is crucial for Intraday.

If Bank Nifty sustains below 15400 then it could test 15100 and below that level it could test 14800.
Instead, if Bank Nifty trades above 15400, then it could test 15700.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 4 June 2014

Reliance

Today, 1105 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1105 is crucial for short term. Positional Traders, trade long above 1105 for a target of 1140. Trade short below 1105 for a target of 1040.