Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 August 2015

Reliance

Today, 910 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 910 is crucial for short term. Positional Traders, trade long above 910 for a target of 920. Trade short below 910 for a target of 870.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 August 2015

Today, 8500 is the crucial intraday level for Nifty.

If Nifty sustains below 8500, then it could test 8455 and below that level it could test 8425.

Instead, if Nifty trades above 8500, then it could test 8530.