Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 25 April 2014

Reliance

Today, 965 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 965 is crucial for short term. Positional Traders, trade long above 965 for a target of 995. Trade short below 965 for a target of 950.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 April 2014

Today, 6840 is the crucial intraday level for Nifty.

If Nifty sustains below 6840, then it could test 6805 and below that level it could test 6780.
Instead, if Nifty trades above 6840, then it could test 6940.