Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 February 2014

Reliance

Today, 805 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 805 is crucial for short term. Positional Traders, trade long above 805 for a target of 825. Trade short below 805 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 21 February 2014

Today, 6130 is the crucial intraday level for Nifty.

If Nifty sustains below 6130, then it could test 6080 and below that level it could test 6060.
Instead, if Nifty trades above 6130, then it could test 6160.