Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 July 2015

Reliance

Today, 1045 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1045 is crucial for short term. Positional Traders, trade long above 1045 for a target of 1050. Trade short below 1045 for a target of 1020.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 July 2015

Today, 8560 is the crucial intraday level for Nifty.

If Nifty sustains below 8560, then it could test 8500 and below that level it could test 8470.

Instead, if Nifty trades above 8560, then it could test 8610.