Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 October 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 980. Trade short below 970 for a target of 920.

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

Today, 7870 is the crucial intraday level for Nifty.

If Nifty sustains below 7870, then it could test 7800 and below that level it could test 7750.
Instead, if Nifty trades above 7870, then it could test 7920.