Technical View of Cnx IT & Bank Nifty, 20 August 2014

Bank Nifty Intraday levels and trading tips

Today, 15580 is crucial for Intraday.

If Bank Nifty sustains below 15500 then it could test 15470 and below that level it could test 15350.
Instead, if Bank Nifty trades above 15500, then it could test 15630.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 August 2014

Reliance

Today, 1005 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005 for a target of 1035. Trade short below 1005 for a target of 980.