Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 1 October 2013

Reliance

Today, 820 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 820 is crucial for short term. Positional Traders, trade long above 820 for a target of 835. Trade short below 820 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 September 2013

Today, 5820 is the crucial intraday level for Nifty.

If Nifty sustains below 5820, then it could test 5770 and below that level it could test 5730.
Instead, if Nifty trades above 5820, then it could test 5850.