Technical View of Cnx IT & Bank Nifty, 18 January 2016

Bank Nifty Intraday levels and trading tips

Today, 15250 is crucial for Intraday.

If Bank Nifty sustains below 15250 then it could test 15100 and below that level it could test 15000.

Instead, if Bank Nifty trades above 15250 then it could test 15450.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 January 2016

Reliance

Today, 1090 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1090 is crucial for short term. Positional Traders, trade long above 1090 for a target of 1110. Trade short below 1090 for a target of 1040