Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 17 October 2017

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 900. Trade short below 880 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 October 2017

Today, 10240 is the crucial intraday level for Nifty.

If Nifty sustains below 10240, then it could test 10200 and below that level it could test 10170.

Instead, if Nifty trades above 10240, then it could test 10280.