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

Reliance

Today, 805 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 805 is crucial for short term. Positional Traders, trade long above 805 for a target of 815. Trade short below 805 for a target of 770.

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

Today, 5850 is the crucial intraday level for Nifty.

If Nifty sustains below 5850 then it could test 5790 and below that level it could test 5730.
Instead, if Nifty trades above 5850 then it could test 5870.