Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 July 2015

Reliance

Today, 1030 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1030 is crucial for short term. Positional Traders, trade long above 1030 for a target of 1040. Trade short below 1030 for a target of 1010.

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

Today, 8640 is the crucial intraday level for Nifty.

If Nifty sustains below 8640, then it could test 8590 and below that level it could test 8550.

Instead, if Nifty trades above 8640, then it could test 8700.