Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 10 January 2016

Reliance

Today, 1025 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025 for a target of 1040. Trade short below 1025 for a target of 970

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 December 2015

Today, 7950 is the crucial intraday level for Nifty.

If Nifty sustains below 7950, then it could test 7900 and below that level it could test 7850.

Instead, if Nifty trades above 7950, then it could test 7980.