Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 June 2013

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 815. Trade short below 800 for a target of 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 31 May 2013

Today, 6070 is the crucial intraday level for Nifty.

If Nifty sustains below 6070 then it could test 6040 and below that level it could test 5990.
Instead, if Nifty trades above 6070 then it could test 6090.