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

Reliance

Today, 1000 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000 for a target of 1010. Trade short below 1000 for a target of 985.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 21 November 2014

Today, 8455 is the crucial intraday level for Nifty.

If Nifty sustains below 8455, then it could test 8410 and below that level it could test 8380.

Instead, if Nifty trades above 8455, then it could test 8500.