Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 April 2013

Reliance

Today, 810 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 810 is crucial for short term. Positional Traders, trade long above 810 for a target of 825. Trade short below 810 for a target of 755.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 April 2013

Today, 5610 is the crucial intraday level for Nifty.

If Nifty sustains below 5610 then it could test 5550 and below that level it could test 5450.
Instead, if Nifty trades above 5610 then it could test 5650.