Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 May 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 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 2 May 2013

Today, 5950 is the crucial intraday level for Nifty.

If Nifty sustains below 5950 then it could test 5890 and below that level it could test 5850.
Instead, if Nifty trades above 5950 then it could test 5970.