Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 September 2014

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1035. Trade short below 1010 for a target of 1000.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 September 2014

Today, 8125 is the crucial intraday level for Nifty.

If Nifty sustains below 8125, then it could test 8080 and below that level it could test 8065.
Instead, if Nifty trades above 8125, then it could test 8180.