Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 May 2014

Reliance

Today, 1095 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1095 is crucial for short term. Positional Traders, trade long above 1095 for a target of 1140. Trade short below 1095 for a target of 1060.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 May 2014

Today, 7150 is the crucial intraday level for Nifty.

If Nifty sustains below 7150, then it could test 7085 and below that level it could test 7050.
Instead, if Nifty trades above 7150, then it could test 7250.