Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 August 2013

Reliance

Today, 850 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 860. Trade short below 850 for a target of 815.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 August 2013

Today, 5710 is the crucial intraday level for Nifty.

If Nifty sustains below 5710 then it could test 5630 and below that level it could test 5550.
Instead, if Nifty trades above 5710, then it could test 5760.