Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 April 2013

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 820. Trade short below 800 for a target of 755.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 15 April 2013

Today, 5550 is the crucial intraday level for Nifty.

If Nifty sustains below 5550 then it could test 5500 and below that level it could test 5450.
Instead, if Nifty trades above 5550 then it could test 5580.