Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 March 2015

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 950. Trade short below 940 for a target of 910.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 April 2015

Today, 8850 is the crucial intraday level for Nifty.

If Nifty sustains below 8850, then it could test 8800 and below that level it could test 8750.

Instead, if Nifty trades above 8850, then it could test 8930.