Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 August 2015

Reliance

Today, 945 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 945 is crucial for short term. Positional Traders, trade long above 945 for a target of 975. Trade short below 945 for a target of 935.

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

Today, 8530 is the crucial intraday level for Nifty.

If Nifty sustains below 8530, then it could test 8475 and below that level it could test 8430.

Instead, if Nifty trades above 8530, then it could test 8580.