Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 May 2013

Reliance

Today, 840 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 855. Trade short below 840 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 17 May 2013

Today, 6180 is the crucial intraday level for Nifty.

If Nifty sustains below 6180 then it could test 6140 and below that level it could test 6100.
Instead, if Nifty trades above 6180 then it could test 6200.