Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 December 2012

Reliance

Today, 840 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 850. Trade short below 840 for a target of 805.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 17 December 2012

Today, 5890 is the crucial intraday level for Nifty.

If Nifty sustains below 5890, then it could test 5840 and below that level it could test 5780.
Instead, if Nifty trades above 5890, then it could test 5910.