Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 April 2015

Reliance

Today, 865 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 865 for a target of 905. Trade short below 865 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 April 2015

Today, 8240 is the crucial intraday level for Nifty.

If Nifty sustains below 8240, then it could test 8190 and below that level it could test 8150.

Instead, if Nifty trades above 8240, then it could test 8350.