Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 April

Reliance

Today, 1100 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1100 is crucial for short term. Positional Traders, trade long above 1100, for a target of 1140. Trade short below 1100 for a target of 1040.

Nifty - Technical Outlook and Intraday Trading Levels, 15 April

Today, 5330 is the crucial intraday level for Nifty.

If Nifty sustains below 5330, then it could test 5305 and below that level, it could test 5290.

Instead, if Nifty trades above 5330, then it could test 5380.

Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.