Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 February 2015

Reliance

Today, 920 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 970. Trade short below 920 for a target of 905.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 04 February 2015

Today, 8800 is the crucial intraday level for Nifty.

If Nifty sustains below 8800, then it could test 8740 and below that level it could test 8690.

Instead, if Nifty trades above 8800, then it could test 8860.