Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 17 September 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 870. Trade short below 855 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 September 2013

Today, 5890 is the crucial intraday level for Nifty.

If Nifty sustains below 5890, then it could test 5790 and below that level it could test 5740.
Instead, if Nifty trades above 5890, then it could test 5950.