Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 October 2015

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 880. Trade short below 870 for a target of 820.

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

Today, 8020 is the crucial intraday level for Nifty.

If Nifty sustains below 8020, then it could test 7950 and below that level it could test 7880.

Instead, if Nifty trades above 8020, then it could test 8080.