Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 November 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 1020. Trade short below 965 for a target of 960.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 November 2014

Today, 8385 is the crucial intraday level for Nifty.

If Nifty sustains below 8385, then it could test 8340 and below that level it could test 8300.

Instead, if Nifty trades above 8385, then it could test 8450.