Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 April 2013

Reliance

Today, 780 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 780 is crucial for short term. Positional Traders, trade long above 780 for a target of 795. Trade short below 780 for a target of 755.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 17 April 2013

Today, 5715 is the crucial intraday level for Nifty.

If Nifty sustains below 5715 then it could test 5650 and below that level it could test 5610.
Instead, if Nifty trades above 5715 then it could test 5745.