Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 26 March 2014

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 910. Trade short below 870 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 24 March 2014

Today, 6590 is the crucial intraday level for Nifty.

If Nifty sustains below 6590, then it could test 6570 and below that level it could test 6650.
Instead, if Nifty trades above 6590, then it could test 6650.