Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 01 September 2014

Reliance

Today, 1005 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005 for a target of 1025. Trade short below 1005 for a target of 950.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 August 2014

Today, 7970 is the crucial intraday level for Nifty.

If Nifty sustains below 7970, then it could test 7915 and below that level it could test 7790.
Instead, if Nifty trades above 7970, then it could test 8030.