Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 17 September 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 960.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 September 2014

Today, 8125 is the crucial intraday level for Nifty.

If Nifty sustains below 8125, then it could test 8080 and below that level it could test 8065.
Instead, if Nifty trades above 8125, then it could test 8160.