Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 27 January 2015

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 910. Trade short below 875 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 January 2015

Today, 8830 is the crucial intraday level for Nifty.

If Nifty sustains below 8830, then it could test 8790 and below that level it could test 8750.

Instead, if Nifty trades above 8830, then it could test 8900.