Technical View of Bank Nifty & CNX IT, 16 October 2017

Bank Nifty Intraday levels

Today, 24600 is crucial for Intraday.

If Bank Nifty sustains below 24600 then it could test 24550 and below that level it could test 24500.

Instead, if Bank Nifty trades above 24600 then it could test 24850.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 October 2017

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 900. Trade short below 875 for a target of 865.