Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 02 June 2015

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 930. Trade short below 905 for a target of 885.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 01 June 2015

Today, 8490 is the crucial intraday level for Nifty.

If Nifty sustains below 8490, then it could test 8420 and below that level it could test 8380.

Instead, if Nifty trades above 8490, then it could test 8540.