Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 06 February 2015

Reliance

Today, 915 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional Traders, trade long above 915 for a target of 970. Trade short below 915 for a target of 905.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 05 February 2015

Today, 8760 is the crucial intraday level for Nifty.

If Nifty sustains below 8760, then it could test 8690 and below that level it could test 8630.

Instead, if Nifty trades above 8760, then it could test 8840.