Technical View of Cnx IT & Bank Nifty, 3 November 2014

Bank Nifty Intraday levels and trading tips

Today, 16900 is crucial for Intraday.

If Bank Nifty sustains below 16900 then it could test 16850 and below that level it could test 16800.

Instead, if Bank Nifty trades above 16900, then it could test 17200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 3 November 2014

Reliance

Today, 990 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1020. Trade short below 990 for a target of 975.