Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 6 May 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 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 3 May 2013

Today, 6020 is the crucial intraday level for Nifty.

If Nifty sustains below 6020 then it could test 5970 and below that level it could test 5850.
Instead, if Nifty trades above 6020 then it could test 6050.