Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 30 September 2014

Reliance

Today, 945 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 945 is crucial for short term. Positional Traders, trade long above 945 for a target of 955. Trade short below 945 for a target of 900.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 29 September 2014

Today, 7990 is the crucial intraday level for Nifty.

If Nifty sustains below 7990, then it could test 7940 and below that level it could test 7850.
Instead, if Nifty trades above 7990, then it could test 8020.