Technical View of Cnx IT & Bank Nifty, 05 May 2015

Bank Nifty Intraday levels and trading tips

Today, 18600 is crucial for Intraday.

If Bank Nifty sustains below 18600 then it could test 18300 and below that level it could test 18200.

Instead, if Bank Nifty trades above 18600 then it could test 18900.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 May 2015

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 930. Trade short below 885 for a target of 875.