Technical View of Cnx IT & Bank Nifty, 04 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16000 is crucial for Intraday.

If Bank Nifty sustains below 16000 then it could test 15900 and below that level it could test 15750.
Instead, if Bank Nifty trades above 16000, then it could test 16200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 04 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.