Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 January 2013

Reliance

Today, 900 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 930. Trade short below 900 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 January 2013

Today, 6050 is the crucial intraday level for Nifty.

If Nifty sustains below 6050, then it could test 6000 and below that level it could test 5950.
Instead, if Nifty trades above 6050 then it could test 6085.