Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 August 2015

Reliance

Today, 955 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 955 is crucial for short term. Positional Traders, trade long above 955 for a target of 1000. Trade short below 955 for a target of 940.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 August 2015

Today, 8555 is the crucial intraday level for Nifty.

If Nifty sustains below 8555, then it could test 8490 and below that level it could test 8460.

Instead, if Nifty trades above 8555, then it could test 8620.