Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 03 September 2014

Reliance

Today, 1025 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1025 is crucial for short term. Positional Traders, trade long above 1025 for a target of 1025. Trade short below 1025 for a target of 1050.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 02 September 2014

Today, 8040 is the crucial intraday level for Nifty.

If Nifty sustains below 8040, then it could test 8000 and below that level it could test 7980.
Instead, if Nifty trades above 8040, then it could test 8070.