Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 13 December 2013

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 885. Trade short below 875 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 December 2013

Today, 6315 is the crucial intraday level for Nifty.

If Nifty sustains below 6315 , then it could test 6275 and below that level it could test 6210.
Instead, if Nifty trades above 6315, then it could test 6330.