Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 1 February 2013

Reliance

Today, 905 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 900. Trade short below 905 for a target of 870.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 31 January 2013

Today, 6070 is the crucial intraday level for Nifty.

If Nifty sustains below 6070, then it could test 5980 and below that level it could test 5940.
Instead, if Nifty trades above 6070 then it could test 6095.