Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 March

Reliance

Today, 1065 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1065 is crucial for short term. Positional Traders, trade long above 1065, for a target of 1130. Trade short below 1065 for a target of 1020.

Nifty - Technical Outlook and Intraday Trading Levels, 16 March

Today, 5150 is the crucial intraday level for Nifty.

If Nifty sustains below 5150, then it could test 5095 and below that level it could test 5060.

Instead, if Nifty trades above 5150, then it could test 5170.

Short term Technical View of Nifty

For the short term, the level 5000 is crucial. If it sustains below this level, then it is likely to test 4750. Instead, if it trades above 5000, then it is likely to test 5180.