Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 13 February 2013

Reliance

Today, 885 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 905. Trade short below 885 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 12 February 2013

Today, 5920 is the crucial intraday level for Nifty.

If Nifty sustains below 5920, then it could test 5865 and below that level it could test 5810.
Instead, if Nifty trades above 5920 then it could test 5955.