Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 January 2013

Reliance

Today, 870 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 890. Trade short below 870 for a target of 845.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 14 January 2013

Today, 5975 is the crucial intraday level for Nifty.

If Nifty sustains below 5975, then it could test 5915 and below that level it could test 5850.
Instead, if Nifty trades above 5975, then it could test 6005.