Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 31 July 2013

Reliance

Today, 870 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 880. Trade short below 870 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 July 2013

Today, 5815 is the crucial intraday level for Nifty.

If Nifty sustains below 5815 then it could test 5750 and below that level it could test 5700.
Instead, if Nifty trades above 5815, then it could test 5900.