Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 January 2015

Reliance

Today, 910 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 910 is crucial for short term. Positional Traders, trade long above 910 for a target of 940. Trade short below 910 for a target of 900.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 January 2015

Today, 8920 is the crucial intraday level for Nifty.

If Nifty sustains below 8920, then it could test 8850 and below that level it could test 8800.

Instead, if Nifty trades above 8920, then it could test 8950.