Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 July 2015

Reliance

Today, 985 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 985 is crucial for short term. Positional Traders, trade long above 985 for a target of 1020. Trade short below 985 for a target of 975.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 10 July 2015

Today, 8320 is the crucial intraday level for Nifty.

If Nifty sustains below 8320, then it could test 8300 and below that level it could test 8280.

Instead, if Nifty trades above 8320, then it could test 8420.