Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 29 April 2013

Reliance

Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 810. Trade short below 785 for a target of 770.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 April 2013

Today, 5925 is the crucial intraday level for Nifty.

If Nifty sustains below 5925 then it could test 5895 and below that level it could test 5850.
Instead, if Nifty trades above 5925 then it could test 5945.