Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 December 2013

Reliance

Today, 910 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 910 is crucial for short term. Positional Traders, trade long above 910 for a target of 920. Trade short below 910 for a target of 880.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 December 2013

Today, 6165 is the crucial intraday level for Nifty.

If Nifty sustains below 6165, then it could test 6150 and below that level it could test 6100.
Instead, if Nifty trades above 6165, then it could test 6230.