Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 19 March 2013

Reliance

Today, 844 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 844 is crucial for short term. Positional Traders, trade long above 844 for a target of 855. Trade short below 855 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 March 2013

Today, 5945 is the crucial intraday level for Nifty.

If Nifty sustains below 5845 then it could test 5810 and below that level it could test 5790.
Instead, if Nifty trades above 5845 then it could test 5875.