Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 6 May 2014

Reliance

Today, 960 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 980. Trade short below 960 for a target of 945.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 2 May 2014

Today, 6740 is the crucial intraday level for Nifty.

If Nifty sustains below 6740, then it could test 6690 and below that level it could test 6610.
Instead, if Nifty trades above 6740, then it could test 6780.