Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 10 August 2015

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 1020. Trade short below 980 for a target of 970.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 07 August 2015

Today, 8610 is the crucial intraday level for Nifty.

If Nifty sustains below 8610, then it could test 8570 and below that level it could test 8540.

Instead, if Nifty trades above 8610, then it could test 8680.