Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 February 2015

Reliance

Today, 835 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 860. Trade short below 835 for a target of 825.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 February 2015

Today, 8900 is the crucial intraday level for Nifty.

If Nifty sustains below 8900, then it could test 8850 and below that level it could test 8800.

Instead, if Nifty trades above 8900, then it could test 8950.