Technical View of Bank Nifty & CNX IT, 08 January 2018

Bank Nifty Intraday levels

Today, 25800 is crucial for Intraday.

If Bank Nifty sustains below 25800 then it could test 25650 and below that level it could test 25600.

Instead, if Bank Nifty trades above 25800 then it could test 26000.

Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 08 January 2018

Reliance

Today, 925 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 925 is crucial for short term. Positional long trades can be initiated above 925 for a target of 950. Trade short below 925 for a target of 910.