Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 14 January 2015

Reliance

Today, 840 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 875. Trade short below 840 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 13 January 2015

Today, 8375 is the crucial intraday level for Nifty.

If Nifty sustains below 8375, then it could test 8300 and below that level it could test 8280.

Instead, if Nifty trades above 8375, then it could test 8420.