Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 July 2013

Reliance

Today, 900 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 915. Trade short below 900 for a target of 885.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 July 2013

Today, 6030 is the crucial intraday level for Nifty.

If Nifty sustains below 6030 then it could test 5920 and below that level it could test 5890.
Instead, if Nifty trades above 6030 then it could test 6100.