Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 January 2016

Reliance

Today, 1090 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1090 is crucial for short term. Positional Traders, trade long above 1090 for a target of 1110. Trade short below 1090 for a target of 1040

Nifty Technical Outlook, Positional & Intraday Trading Levels, 10 January 2016

Today, 7550 is the crucial intraday level for Nifty.

If Nifty sustains below 7550, then it could test 7500 and below that level it could test 7450.

Instead, if Nifty trades above 7550, then it could test 7600.