Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 07 May 2015

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 900. Trade short below 860 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 06 May 2015

Today, 8350 is the crucial intraday level for Nifty.

If Nifty sustains below 8350, then it could test 8250 and below that level it could test 8150.

Instead, if Nifty trades above 8350, then it could test 8470.