Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 6 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 840. Trade short below 820 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 4 February 2014

Today, 5990 is the crucial intraday level for Nifty.

If Nifty sustains below 5990, then it could test 5950 and below that level it could test 5890.
Instead, if Nifty trades above 5990, then it could test 6050.