Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 February 2015

Reliance

Today, 925 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 925 is crucial for short term. Positional Traders, trade long above 925 for a target of 950. Trade short below 925 for a target of 890.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 February 2015

Today, 8870 is the crucial intraday level for Nifty.

If Nifty sustains below 8870, then it could test 8825 and below that level it could test 8780.

Instead, if Nifty trades above 8870, then it could test 8920.