Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 May 2015

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 930. Trade short below 885 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 04 May 2015

Today, 8310 is the crucial intraday level for Nifty.

If Nifty sustains below 8310, then it could test 8240 and below that level it could test 8200.

Instead, if Nifty trades above 8310, then it could test 8370.