Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 25 November 2013

Reliance

Today, 850 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 855. Trade short below 850 for a target of 825.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 November 2013

Today, 6060 is the crucial intraday level for Nifty.

If Nifty sustains below 6060 , then it could test 5990 and below that level it could test 5910.
Instead, if Nifty trades above 6060, then it could test 6110.