Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 15 July 2015

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1040. Trade short below 1010 for a target of 985.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 14 July 2015

Today, 8475 is the crucial intraday level for Nifty.

If Nifty sustains below 8475, then it could test 8440 and below that level it could test 8400.

Instead, if Nifty trades above 8475, then it could test 8530.