Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 June 2014

Reliance

Today, 1090 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1090 is crucial for short term. Positional Traders, trade long above 1090 for a target of 1115. Trade short below 1090 for a target of 1040.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 13 June 2014

Today, 7680 is the crucial intraday level for Nifty.

If Nifty sustains below 7680, then it could test 7550 and below that level it could test 7500.
Instead, if Nifty trades above 7680, then it could test 7750.