Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 January 2018

Reliance

Today, 930 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional long trades can be initiated above 930 for a target of 950. Trade short below 930 for a target of 905.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 03 January 2018

Today, 10480 is the crucial intraday level for Nifty.

If Nifty sustains below 10480, then it could test 10440 and below that level it could test 10400.

Instead, if Nifty trades above 10480, then it could test 10540.