Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 2 January 2015

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 910. Trade short below 885 for a target of 880.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 1 January 2015

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.