Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 21 October 2015

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 990. Trade short below 970 for a target of 940.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 October 2015

Today, 8320 is the crucial intraday level for Nifty.

If Nifty sustains below 8320, then it could test 8250 and below that level it could test 8220.

Instead, if Nifty trades above 8320, then it could test 8380.