Technical View of Cnx IT & Bank Nifty, 8 January 2015

Bank Nifty Intraday levels and trading tips

Today, 18500 is crucial for Intraday.

If Bank Nifty sustains below 18500 then it could test 18450 and below that level it could test 18400.

Instead, if Bank Nifty trades above 18500 then it could test 18700.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 8 January 2015

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 875. Trade short below 860 for a target of 845.