Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 30 January 2013

Reliance

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 900. Trade short below 890 for a target of 870.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 January 2013

Today, 6090 is the crucial intraday level for Nifty.

If Nifty sustains below 6035, then it could test 5980 and below that level it could test 5940.
Instead, if Nifty trades above 6090 then it could test 6140.