Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 14 July 2014

Reliance

Today, 975 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 975 is crucial for short term. Positional Traders, trade long above 975 for a target of 985. Trade short below 975 for a target of 950.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 10 July 2014

Today, 7650 is the crucial intraday level for Nifty.

If Nifty sustains below 7650, then it could test 7500 and below that level it could test 7350.
Instead, if Nifty trades above 7650, then it could test 7750.