Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 31 December 2013

Reliance

Today, 890 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 905. Trade short below 890 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 December 2013

Today, 6330 is the crucial intraday level for Nifty.

If Nifty sustains below 6330, then it could test 6290 and below that level it could test 6250.
Instead, if Nifty trades above 6330, then it could test 6360.