Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 07 October 2015

Reliance

Today, 900 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 930. Trade short below 900 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 05 October 2015

Today, 8055 is the crucial intraday level for Nifty.

If Nifty sustains below 8055, then it could test 7980 and below that level it could test 7880.

Instead, if Nifty trades above 8055, then it could test 8090.