Technical View of Cnx IT & Bank Nifty, 18 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 15130 and below that level it could test 14850.
Instead, if Bank Nifty trades above 15400, then it could test 15500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 June 2014

Reliance

Today, 1095 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1095 is crucial for short term. Positional Traders, trade long above 1095 for a target of 1110. Trade short below 1095 for a target of 1040.