Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 11 May 2015

Reliance

Today, 900 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 940. Trade short below 900 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 08 May 2015

Today, 8180 is the crucial intraday level for Nifty.

If Nifty sustains below 8180, then it could test 8100 and below that level it could test 8050.

Instead, if Nifty trades above 8180, then it could test 8250.