Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 May 2013

Reliance

Today, 825 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 825 is crucial for short term. Positional Traders, trade long above 825 for a target of 835. Trade short below 825 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 May 2013

Today, 6090 is the crucial intraday level for Nifty.

If Nifty sustains below 6090 then it could test 6035 and below that level it could test 5930.
Instead, if Nifty trades above 6090 then it could test 6110.