Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 January 2015

Reliance

Today, 880 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 910. Trade short below 880 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 January 2015

Today, 8530 is the crucial intraday level for Nifty.

If Nifty sustains below 8530, then it could test 8470 and below that level it could test 8420.

Instead, if Nifty trades above 8530, then it could test 8600.