Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 September 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 1015. Trade short below 990 for a target of 980.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 September 2014

Today, 8120 is the crucial intraday level for Nifty.

If Nifty sustains below 8120, then it could test 8090 and below that level it could test 8060.
Instead, if Nifty trades above 8120, then it could test 8160.