Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 June 2013

Reliance

Today, 795 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 795 is crucial for short term. Positional Traders, trade long above 795 for a target of 820. Trade short below 795 for a target of 760.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 June 2013

Today, 5865 is the crucial intraday level for Nifty.

If Nifty sustains below 5865 then it could test 5840 and below that level it could test 5780.
Instead, if Nifty trades above 5865 then it could test 5920.