Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 19 July 2013

Reliance

Today, 920 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 930. Trade short below 920 for a target of 905.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 18 July 2013

Today, 5980 is the crucial intraday level for Nifty.

If Nifty sustains below 5980 then it could test 5940 and below that level it could test 5900.
Instead, if Nifty trades above 5980 then it could test 6030.