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

Reliance

Today, 835 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 850. Trade short below 835 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 4 March 2013

Today, 5720 is the crucial intraday level for Nifty.

If Nifty sustains below 5720, then it could test 5650 and below that level it could test 5600.
Instead, if Nifty trades above 5720 then it could test 5765.