Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 08 April 2013

Reliance

Today, 785 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 785 is crucial for short term. Positional Traders, trade long above 785 for a target of 800. Trade short below 785 for a target of 745.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 05 April 2013

Today, 5575 is the crucial intraday level for Nifty.

If Nifty sustains below 5575 then it could test 5525 and below that level it could test 5450.
Instead, if Nifty trades above 5575 then it could test 5620.