Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 January 2013

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 880. Trade short below 860 for a target of 815.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 4 January 2013

Today, 6020 is the crucial intraday level for Nifty.

If Nifty sustains below 6020, then it could test 5960 and below that level it could test 5900.
Instead, if Nifty trades above 6020, then it could test 5930.