Technical View of Cnx IT & Bank Nifty, 7 January 2015

Bank Nifty Intraday levels and trading tips

Today, 18425 is crucial for Intraday.

If Bank Nifty sustains below 18425 then it could test 18300 and below that level it could test 18200.

Instead, if Bank Nifty trades above 18425, then it could test 18550.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 January 2015

Reliance

Today, 830 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 860. Trade short below 830 for a target of 810.