Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 June 2013

Reliance

Today, 790 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 790 is crucial for short term. Positional Traders, trade long above 790 for a target of 800. Trade short below 790 for a target of 760.

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

Today, 5970 is the crucial intraday level for Nifty.

If Nifty sustains below 5970 then it could test 5925 and below that level it could test 5850.
Instead, if Nifty trades above 5970 then it could test 6015.