Technical View of Cnx IT & Bank Nifty, 02 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16050 is crucial for Intraday.

If Bank Nifty sustains below 16050 then it could test 15950 and below that level it could test 15850.
Instead, if Bank Nifty trades above 16050, then it could test 16200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 02 September 2014

Reliance

Today, 1025 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025 for a target of 1025. Trade short below 1025 for a target of 1050.