Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 July 2015

Reliance

Today, 1000 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000 for a target of 1030. Trade short below 1000 for a target of 990.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 24 July 2015

Today, 8620 is the crucial intraday level for Nifty.

If Nifty sustains below 8620, then it could test 8575 and below that level it could test 8530.

Instead, if Nifty trades above 8620, then it could test 8670.