Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 May 2013

Reliance

Today, 835 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 845. Trade short below 835 for a target of 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 7 May 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 5850.
Instead, if Nifty trades above 5970 then it could test 5990.