Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 28 August 2015

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 910. Trade short below 885 for a target of 820.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 August 2015

Today, 7950 is the crucial intraday level for Nifty.

If Nifty sustains below 7950, then it could test 7800 and below that level it could test 7700.

Instead, if Nifty trades above 7950, then it could test 8000.