Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 26 November 2014

Reliance

Today, 995 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 995 is crucial for short term. Positional Traders, trade long above 995 for a target of 985. Trade short below 995 for a target of 1000.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 25 November 2014

Today, 8535 is the crucial intraday level for Nifty.

If Nifty sustains below 8535, then it could test 8480 and below that level it could test 8450.

Instead, if Nifty trades above 8535, then it could test 8570.