Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 28 January 2016

Reliance

Today, 1000 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1000 is crucial for short term. Positional Traders, trade long above 1000 for a target of 1015. Trade short below 1000 for a target of 970

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 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 7450.