Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 11 April 2014

Reliance

Today, 975 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 975 is crucial for short term. Positional Traders, trade long above 975 for a target of 1030. Trade short below 975 for a target of 945.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 9 April 2014

Today, 6720 is the crucial intraday level for Nifty.

If Nifty sustains below 6720, then it could test 6640 and below that level it could test 6600.
Instead, if Nifty trades above 6720, then it could test 6770.