Technical View of Cnx IT & Bank Nifty, 16 July 2014

Bank Nifty Intraday levels and trading tips

Today, 15100 is crucial for Intraday.

If Bank Nifty sustains below 15100 then it could test 15000 and below that level it could test 14850.
Instead, if Bank Nifty trades above 15100, then it could test 15150.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 July 2014

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 995. Trade short below 980 for a target of 950.