Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 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 920. Trade short below 900 for a target of 885.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 May 2015

Today, 8410 is the crucial intraday level for Nifty.

If Nifty sustains below 8410, then it could test 8350 and below that level it could test 8320.

Instead, if Nifty trades above 8410, then it could test 8460.