Technical View of Cnx IT & Bank Nifty, 05 September 2014

Bank Nifty Intraday levels and trading tips

Today, 16080 is crucial for Intraday.

If Bank Nifty sustains below 16080 then it could test 15930 and below that level it could test 15800.
Instead, if Bank Nifty trades above 16080, then it could test 16250.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 September 2014

Reliance

Today, 1020 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1020 is crucial for short term. Positional Traders, trade long above 1020 for a target of 1050. Trade short below 1020 for a target of 1005.