Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 September 2014

Reliance

Today, 960 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 975. Trade short below 960 for a target of 935.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 September 2014

Today, 8160 is the crucial intraday level for Nifty.

If Nifty sustains below 8160, then it could test 8125 and below that level it could test 8100.
Instead, if Nifty trades above 8160, then it could test 8220.