Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 31 March 2015

Reliance

Today, 800 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 840. Trade short below 800 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 March 2015

Today, 8440 is the crucial intraday level for Nifty.

If Nifty sustains below 8440, then it could test 8390 and below that level it could test 8350.

Instead, if Nifty trades above 8440, then it could test 8500.