Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 15 July 2013

Reliance

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 915. Trade short below 890 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 12 July 2013

Today, 6000 is the crucial intraday level for Nifty.

If Nifty sustains below 6000 then it could test 5900 and below that level it could test 5850.
Instead, if Nifty trades above 6000 then it could test 6050.