Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 11 August 2014

Reliance

Today, 970 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 970 is crucial for short term. Positional Traders, trade long above 970 for a target of 1015. Trade short below 970 for a target of 950.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 8 August 2014

Today, 7680 is the crucial intraday level for Nifty.

If Nifty sustains below 7680, then it could test 7600 and below that level it could test 7530.
Instead, if Nifty trades above 7680, then it could test 7710.