Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 6 December 2013

Reliance

Today, 880 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 890. Trade short below 880 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 3 December 2013

Today, 6220 is the crucial intraday level for Nifty.

If Nifty sustains below 6220 , then it could test 6150 and below that level it could test 6090.
Instead, if Nifty trades above 6220, then it could test 6230.