Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 June 2013

Reliance

Today, 805 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 805 is crucial for short term. Positional Traders, trade long above 805 for a target of 815. Trade short below 805 for a target of 775.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 June 2013

Today, 5840 is the crucial intraday level for Nifty.

If Nifty sustains below 5840 then it could test 5770 and below that level it could test 5710.
Instead, if Nifty trades above 5840 then it could test 5890.