Technical View of Cnx IT & Bank Nifty, 16 January 2015

Bank Nifty Intraday levels and trading tips

Today, 19350 is crucial for Intraday.

If Bank Nifty sustains below 19350 then it could test 19100 and below that level it could test 18900.

Instead, if Bank Nifty trades above 19350 then it could test 19500.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 January 2015

Reliance

Today, 850 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 875. Trade short below 850 for a target of 840.