Technical View of Bank Nifty & CNX IT, 08 December 2017

Bank Nifty Intraday levels

Today, 25150 is crucial for Intraday.

If Bank Nifty sustains below 25150 then it could test 25050 and below that level it could test 24950.

Instead, if Bank Nifty trades above 25150 then it could test 25400.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 08 December 2017

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional long trades can be initiated above 925 for a target of 960. Trade short below 940 for a target of 920.