Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 August 2013

Reliance

Today, 810 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 825. Trade short below 810 for a target of 770.

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

Today, 5340 is the crucial intraday level for Nifty.

If Nifty sustains below 5340, then it could test 5260 and below that level it could test 5210.
Instead, if Nifty trades above 5340, then it could test 5400.