Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 June 2014

Reliance

Today, 1055 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1055 is crucial for short term. Positional Traders, trade long above 1055 for a target of 1075. Trade short below 1055 for a target of 1000.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 June 2014

Today, 7650 is the crucial intraday level for Nifty.

If Nifty sustains below 7650, then it could test 7570 and below that level it could test 7500.
Instead, if Nifty trades above 7650, then it could test 7680.