Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 November 2014

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1020. Trade short below 980 for a target of 970.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 3 November 2014

Today, 8290 is the crucial intraday level for Nifty.

If Nifty sustains below 8290, then it could test 8270 and below that level it could test 8220.

Instead, if Nifty trades above 8290, then it could test 8400.