Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 5 March 2014

Reliance

Today, 815 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 815 is crucial for short term. Positional Traders, trade long above 815 for a target of 835. Trade short below 815 for a target of 805.

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

Today, 6220 is the crucial intraday level for Nifty.

If Nifty sustains below 6220, then it could test 6190 and below that level it could test 6150.
Instead, if Nifty trades above 6220, then it could test 6260.