Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 15 December 2014

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 930. Trade short below 870 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 12 December 2014

Today, 8350 is the crucial intraday level for Nifty.

If Nifty sustains below 8350, then it could test 8270 and below that level it could test 8220.

Instead, if Nifty trades above 8350, then it could test 8400.