Trading strategy -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 January 2013

Reliance

Today, 847 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 847 is crucial for short term. Positional Traders, trade long above 847 for a target of 865. Trade short below 847 for a target of 825.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 8 January 2013

Today, 5995 is the crucial intraday level for Nifty.

If Nifty sustains below 5995, then it could test 5950 and below that level it could test 5900.
Instead, if Nifty trades above 5995, then it could test 6020.