Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 22 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 1020. Trade short below 1010 for a target of 970

Nifty Technical Outlook, Positional & Intraday Trading Levels, 21 January 2016

Today, 7350 is the crucial intraday level for Nifty.

If Nifty sustains below 7350, then it could test 7250 and below that level it could test 7200.

Instead, if Nifty trades above 7350, then it could test 7400.