Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 1 January 2015

Reliance

Today, 880 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 910. Trade short below 880 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 31 December 2014

Today, 8280 is the crucial intraday level for Nifty.

If Nifty sustains below 8280, then it could test 8245 and below that level it could test 8200.

Instead, if Nifty trades above 8280, then it could test 8350.