Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 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 750.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 May 2013

Today, 6150 is the crucial intraday level for Nifty.

If Nifty sustains below 6150 then it could test 6100 and below that level it could test 6140.
Instead, if Nifty trades above 6150 then it could test 6200.