Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 07 October 2014

Reliance

Today, 925 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 925 is crucial for short term. Positional Traders, trade long above 925 for a target of 940. Trade short below 925 for a target of 900.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 01 October 2014

Today, 8030 is the crucial intraday level for Nifty.

If Nifty sustains below 8030, then it could test 7840 and below that level it could test 7800.
Instead, if Nifty trades above 8030, then it could test 8070.