Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 4 February 2014

Reliance

Today, 820 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 820 is crucial for short term. Positional Traders, trade long above 820 for a target of 835. Trade short below 820 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 31 January 2014

Today, 6100 is the crucial intraday level for Nifty.

If Nifty sustains below 6100, then it could test 6070 and below that level it could test 6020.
Instead, if Nifty trades above 6100, then it could test 6140.