Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 May 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 900. Trade short below 860 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 12 May 2015

Today, 8250 is the crucial intraday level for Nifty.

If Nifty sustains below 8250, then it could test 8220 and below that level it could test 8180.

Instead, if Nifty trades above 8250, then it could test 8340.