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

Reliance

Today, 865 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 865 for a target of 880. Trade short below 865 for a target of 830.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 February 2013

Today, 5865 is the crucial intraday level for Nifty.

If Nifty sustains below 5865, then it could test 5815 and below that level it could test 5750.
Instead, if Nifty trades above 5865 then it could test 5885.