Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 27 August 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 770.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 24 August 2013

Today, 5525 is the crucial intraday level for Nifty.

If Nifty sustains below 5525, then it could test 5430 and below that level it could test 5400.
Instead, if Nifty trades above 5525, then it could test 5550.