Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 6 February 2013

Reliance

Today, 880 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 880 is crucial for short term. Positional Traders, trade long above 880 for a target of 920. Trade short below 880 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 5 February 2013

Today, 6000 is the crucial intraday level for Nifty.

If Nifty sustains below 6000, then it could test 5940 and below that level it could test 5900.
Instead, if Nifty trades above 6000 then it could test 6030.