Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 January 2015

Reliance

Today, 850 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 875. Trade short below 850 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 January 2015

Today, 8330 is the crucial intraday level for Nifty.

If Nifty sustains below 8330, then it could test 8250 and below that level it could test 8200.

Instead, if Nifty trades above 8330, then it could test 8400.