Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 26 December 2013

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 920. Trade short below 905 for a target of 890.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 December 2013

Today, 6325 is the crucial intraday level for Nifty.

If Nifty sustains below 6325, then it could test 6260 and below that level it could test 6240.
Instead, if Nifty trades above 6325, then it could test 6350.