Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 July 2013

Reliance

Today, 875 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 890. Trade short below 875 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 8 July 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 5700.
Instead, if Nifty trades above 5840 then it could test 5860.