Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 25 November 2014

Reliance

Today, 980 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 980 is crucial for short term. Positional Traders, trade long above 980 for a target of 995. Trade short below 980 for a target of 975.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 24 November 2014

Today, 8520 is the crucial intraday level for Nifty.

If Nifty sustains below 8520, then it could test 8480 and below that level it could test 8460.

Instead, if Nifty trades above 8520, then it could test 8570.