Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 19 August 2014

Reliance

Today, 1015 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1015 is crucial for short term. Positional Traders, trade long above 1015 for a target of 1025. Trade short below 1015 for a target of 980.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 August 2014

Today, 7800 is the crucial intraday level for Nifty.

If Nifty sustains below 7800, then it could test 7760 and below that level it could test 7700.
Instead, if Nifty trades above 7800, then it could test 7845.