Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 4 October 2013

Reliance

Today, 840 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 855. Trade short below 840 for a target of 830.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 3 October 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 5870.