Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 3 December 2013

Reliance

Today, 855 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 855 is crucial for short term. Positional Traders, trade long above 855 for a target of 870. Trade short below 855 for a target of 820.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 2 December 2013

Today, 6190 is the crucial intraday level for Nifty.

If Nifty sustains below 6190 , then it could test 6150 and below that level it could test 6100.
Instead, if Nifty trades above 6190, then it could test 6210.