Technical View of Cnx IT & Bank Nifty, 28 August 2014

Bank Nifty Intraday levels and trading tips

Today, 15830 is crucial for Intraday.

If Bank Nifty sustains below 15830 then it could test 15500 and below that level it could test 15300.
Instead, if Bank Nifty trades above 15830, then it could test 16000.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 28 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 1025. Trade short below 1005 for a target of 950.