Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 June 2015

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 900. Trade short below 875 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 June 2015

Today, 8175 is the crucial intraday level for Nifty.

If Nifty sustains below 8175, then it could test 8110 and below that level it could test 8080.

Instead, if Nifty trades above 8175, then it could test 8230.