Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 10 July 2013

Reliance

Today, 885 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 900. Trade short below 885 for a target of 845.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 9 July 2013

Today, 5830 is the crucial intraday level for Nifty.

If Nifty sustains below 5830 then it could test 5760 and below that level it could test 5700.
Instead, if Nifty trades above 5830 then it could test 5875.