Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 January 2015

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 875. Trade short below 860 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 9 January 2015

Today, 8300 is the crucial intraday level for Nifty.

If Nifty sustains below 8300, then it could test 8240 and below that level it could test 8200.

Instead, if Nifty trades above 8300, then it could test 8350.