Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 5 November 2013

Reliance

Today, 915 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional Traders, trade long above 915 for a target of 930. Trade short below 915 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 1 November 2013

Today, 6310 is the crucial intraday level for Nifty.

If Nifty sustains below 6310 , then it could test 6200 and below that level it could test 6150.
Instead, if Nifty trades above 6310, then it could test 6340.