Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 January 2015

Reliance

Today, 830 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 860. Trade short below 830 for a target of 810.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 January 2015

Today, 8270 is the crucial intraday level for Nifty.

If Nifty sustains below 8270, then it could test 8200 and below that level it could test 8150.

Instead, if Nifty trades above 8270, then it could test 8300.