Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 20 April

Reliance

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1070. Trade short below 1040 for a target of 980.

Nifty - Technical Outlook and Intraday Trading Levels, 19 April

Today, 5230 is the crucial intraday level for Nifty.

If Nifty sustains below 5230, then it could test 5160.
Instead, if Nifty trades above 5290, then it could test 5280.

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.