Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 02 September 2015

Reliance

Today, 850 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 860. Trade short below 870 for a target of 820.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 01 September 2015

Today, 7920 is the crucial intraday level for Nifty.

If Nifty sustains below 7920, then it could test 7870 and below that level it could test 7790.

Instead, if Nifty trades above 7920, then it could test 7980.