Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 May 2015

Reliance

Today, 890 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 940. Trade short below 890 for a target of 880.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 21 May 2015

Today, 8400 is the crucial intraday level for Nifty.

If Nifty sustains below 8400, then it could test 8350 and below that level it could test 8280.

Instead, if Nifty trades above 8400, then it could test 8520.