Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 3 March 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 830. Trade short below 805 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 February 2014

Today, 6270 is the crucial intraday level for Nifty.

If Nifty sustains below 6270, then it could test 6230 and below that level it could test 6200.
Instead, if Nifty trades above 6270, then it could test 6320.