Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 April 2015

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 905. Trade short below 860 for a target of 845.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 21 April 2015

Today, 8470 is the crucial intraday level for Nifty.

If Nifty sustains below 8470, then it could test 8390 and below that level it could test 8350.

Instead, if Nifty trades above 8470, then it could test 8550.