Technical View of Cnx IT & Bank Nifty, 12 August 2014

Bank Nifty Intraday levels and trading tips

Today, 14900 is crucial for Intraday.

If Bank Nifty sustains below 14900 then it could test 14650 and below that level it could test 14550.
Instead, if Bank Nifty trades above 14900, then it could test 15020.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 August 2014

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 1015. Trade short below 970 for a target of 950.