Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 27 October 2015

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 970. Trade short below 940 for a target of 910.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 October 2015

Today, 8330 is the crucial intraday level for Nifty.

If Nifty sustains below 8330, then it could test 8290 and below that level it could test 8250.

Instead, if Nifty trades above 8330, then it could test 8380.