Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 30 December 2014

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 910. Trade short below 885 for a target of 880.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 29 December 2014

Today, 8300 is the crucial intraday level for Nifty.

If Nifty sustains below 8300, then it could test 8250 and below that level it could test 8200.

Instead, if Nifty trades above 8300, then it could test 8350.