Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 February 2014

Reliance

Today, 825 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 825 is crucial for short term. Positional Traders, trade long above 825 for a target of 845. Trade short below 825 for a target of 805.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 February 2014

Today, 6150 is the crucial intraday level for Nifty.

If Nifty sustains below 6150, then it could test 6110 and below that level it could test 6080.
Instead, if Nifty trades above 6150, then it could test 6200.