Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 October 2013

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 890. Trade short below 875 for a target of 835.

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

Today, 5950 is the crucial intraday level for Nifty.

If Nifty sustains below 5950, then it could test 6000 and below that level it could test 5960.
Instead, if Nifty trades above 5950, then it could test 6100.