Technical View of Cnx IT & Bank Nifty, 8 August 2014

Bank Nifty Intraday levels and trading tips

Today, 14950 is crucial for Intraday.

If Bank Nifty sustains below 14950 then it could test 14850 and below that level it could test 14800.
Instead, if Bank Nifty trades above 14950, then it could test 15150.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 8 August 2014

Reliance

Today, 1000 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000 for a target of 1015. Trade short below 1000 for a target of 950.