Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 14 October 2014

Reliance

Today, 965 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 965 is crucial for short term. Positional Traders, trade long above 965 for a target of 980. Trade short below 965 for a target of 920.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 13 October 2014

Today, 7850 is the crucial intraday level for Nifty.

If Nifty sustains below 7850, then it could test 7770 and below that level it could test 7710.
Instead, if Nifty trades above 7850, then it could test 7900.