Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 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 920. Trade short below 905 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 June 2015

Today, 7990 is the crucial intraday level for Nifty.

If Nifty sustains below 7990, then it could test 7900 and below that level it could test 7850.

Instead, if Nifty trades above 7990, then it could test 8030.