Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 January 2016

Reliance

Today, 1010 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1010 is crucial for short term. Positional Traders, trade long above 1010 for a target of 1030. Trade short below 1010 for a target of 980

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 January 2016

Today, 7400 is the crucial intraday level for Nifty.

If Nifty sustains below 7400, then it could test 7350 and below that level it could test 7300.

Instead, if Nifty trades above 7400, then it could test 7440.