Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 26 September 2013

Reliance

Today, 850 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 825. Trade short below 850 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 September 2013

Today, 5890 is the crucial intraday level for Nifty.

If Nifty sustains below 5890, then it could test 5820 and below that level it could test 5750.
Instead, if Nifty trades above 5890, then it could test 5930.