Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 October 2015

Reliance

Today, 920 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 940. Trade short below 920 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 October 2015

Today, 8180 is the crucial intraday level for Nifty.

If Nifty sustains below 8180, then it could test 8160 and below that level it could test 8140.

Instead, if Nifty trades above 8180, then it could test 8260.