Technical View of Cnx IT & Bank Nifty, 31 July 2014

Bank Nifty Intraday levels and trading tips

Today, 15480 is crucial for Intraday.

If Bank Nifty sustains below 15480 then it could test 15350 and below that level it could test 15150.
Instead, if Bank Nifty trades above 15480, then it could test 15550.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 31 July 2014

Reliance

Today, 1015 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1015 is crucial for short term. Positional Traders, trade long above 1015 for a target of 1035. Trade short below 1015 for a target of 980.