Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 25 January 2013

Reliance

Today, 930 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional Traders, trade long above 930 for a target of 950. Trade short below 930 for a target of 900.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 January 2013

Today, 6060 is the crucial intraday level for Nifty.

If Nifty sustains below 6060, then it could test 6010 and below that level it could test 5950.
Instead, if Nifty trades above 6060 then it could test 6085.