Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 09 January 2018

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 long trades can be initiated above 925 for a target of 950. Trade short below 925 for a target of 910.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 08 January 2018

Today, 10590 is the crucial intraday level for Nifty.

If Nifty sustains below 10590, then it could test 10570 and below that level it could test 10510.

Instead, if Nifty trades above 10590, then it could test 10640.