Technical View of Bank Nifty & CNX IT, 05 December 2017

Bank Nifty Intraday levels

Today, 24950 is crucial for Intraday.

If Bank Nifty sustains below 24950 then it could test 24900 and below that level it could test 24850.

Instead, if Bank Nifty trades above 24950 then it could test 25200.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 December 2017

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional long trades can be initiated above 905 for a target of 925. Trade short below 905 for a target of 895.