Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 August 2013

Reliance

Today, 855 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 855 is crucial for short term. Positional Traders, trade long above 855 for a target of 865. Trade short below 855 for a target of 815.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 29 August 2013

Today, 5320 is the crucial intraday level for Nifty.

If Nifty sustains below 5320, then it could test 5285 and below that level it could test 5250.
Instead, if Nifty trades above 5320, then it could test 5380.