Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 February 2013

Reliance

Today, 883 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 883 is crucial for short term. Positional Traders, trade long above 883 for a target of 900. Trade short below 883 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 February 2013

Today, 5960 is the crucial intraday level for Nifty.

If Nifty sustains below 5960, then it could test 5915 and below that level it could test 5850.
Instead, if Nifty trades above 5960 then it could test 5985.