Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 June 2015

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1000. Trade short below 980 for a target of 930.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 17 June 2015

Today, 8050 is the crucial intraday level for Nifty.

If Nifty sustains below 8050, then it could test 8000 and below that level it could test 7950.

Instead, if Nifty trades above 8050, then it could test 8120.