Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 September 2013

Reliance

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 910. Trade short below 890 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 September 2013

Today, 5980 is the crucial intraday level for Nifty.

If Nifty sustains below 5980, then it could test 5920 and below that level it could test 5860.
Instead, if Nifty trades above 5980, then it could test 6040.