Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 05 August 2015

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 1020. Trade short below 1000 for a target of 980.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 03 August 2015

Today, 8570 is the crucial intraday level for Nifty.

If Nifty sustains below 8570, then it could test 8440 and below that level it could test 8420.

Instead, if Nifty trades above 8570, then it could test 8630.