Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 8 November 2013

Reliance

Today, 890 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 900. Trade short below 890 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 7 November 2013

Today, 6240 is the crucial intraday level for Nifty.

If Nifty sustains below 6240 , then it could test 6200 and below that level it could test 6130.
Instead, if Nifty trades above 6240, then it could test 6270.