Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 27 February 2013

Reliance

Today, 840 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 850. Trade short below 840 for a target of 830.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 February 2013

Today, 5840 is the crucial intraday level for Nifty.

If Nifty sustains below 5840, then it could test 5815 and below that level it could test 5750.
Instead, if Nifty trades above 5840 then it could test 5855.