Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 May 2013

Reliance

Today, 795 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 795 is crucial for short term. Positional Traders, trade long above 795 for a target of 805. Trade short below 785 for a target of 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 April 2013

Today, 5970 is the crucial intraday level for Nifty.

If Nifty sustains below 5970 then it could test 5920 and below that level it could test 5860.
Instead, if Nifty trades above 5970 then it could test 5990.