Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 September 2014

Reliance

Today, 985 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 985 is crucial for short term. Positional Traders, trade long above 985 for a target of 1015. Trade short below 985 for a target of 975.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 September 2014

Today, 8120 is the crucial intraday level for Nifty.

If Nifty sustains below 8120, then it could test 8060 and below that level it could test 8000.
Instead, if Nifty trades above 8120, then it could test 8150.