Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 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 900. Trade short below 870 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 17 December 2014

Today, 8000 is the crucial intraday level for Nifty.

If Nifty sustains below 8000, then it could test 7940 and below that level it could test 7850.

Instead, if Nifty trades above 8000, then it could test 8080.