Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 04 June 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 930. Trade short below 890 for a target of 870.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 03 June 2015

Today, 8230 is the crucial intraday level for Nifty.

If Nifty sustains below 8230, then it could test 8170 and below that level it could test 8090.

Instead, if Nifty trades above 8230, then it could test 8280.