Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 February 2013

Reliance

Today, 880 is 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 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 7 February 2013

Today, 5950 is the crucial intraday level for Nifty.

If Nifty sustains below 5950, then it could test 5900 and below that level it could test 5840.
Instead, if Nifty trades above 5950 then it could test 5990.