Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 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 1000

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 January 2016

Today, 7450 is the crucial intraday level for Nifty.

If Nifty sustains below 7450, then it could test 7400 and below that level it could test 7350.

Instead, if Nifty trades above 7450, then it could test 7500.