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

Bank Nifty Intraday levels and trading tips

Today, 17750 is crucial for Intraday.

If Bank Nifty sustains below 17750 then it could test 17600 and below that level it could test 17500.

Instead, if Bank Nifty trades above 17750 then it could test 17950.

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

Reliance

Today, 920 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 940. Trade short below 920 for a target of 875.