Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 09 July 2015

Reliance

Today, 990 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1020. Trade short below 990 for a target of 970.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 08 July 2015

Today, 8480 is the crucial intraday level for Nifty.

If Nifty sustains below 8480, then it could test 8430 and below that level it could test 8380.

Instead, if Nifty trades above 8480, then it could test 8520.