Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 August 2014

Reliance

Today, 990 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1005. Trade short below 990 for a target of 970.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 12 August 2014

Today, 7635 is the crucial intraday level for Nifty.

If Nifty sustains below 7635, then it could test 7590 and below that level it could test 7560.
Instead, if Nifty trades above 7635, then it could test 7660.