Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 09 September 2014

Reliance

Today, 1030 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1030 is crucial for short term. Positional Traders, trade long above 1030 for a target of 1050. Trade short below 1030 for a target of 1020.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 08 September 2014

Today, 8145 is the crucial intraday level for Nifty.

If Nifty sustains below 8145, then it could test 8120 and below that level it could test 8090.
Instead, if Nifty trades above 8145, then it could test 8200.