Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 July 2013

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 875. Trade short below 860 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 3 July 2013

Today, 5790 is the crucial intraday level for Nifty.

If Nifty sustains below 5790 then it could test 5750 and below that level it could test 5700.
Instead, if Nifty trades above 5790 then it could test 5850.