Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 16 December 2013

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 885. Trade short below 870 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 13 December 2013

Today, 6210 is the crucial intraday level for Nifty.

If Nifty sustains below 6210 , then it could test 6150 and below that level it could test 6120.
Instead, if Nifty trades above 6210, then it could test 6230.