Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 August 2013

Reliance

Today, 865 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 865 for a target of 880. Trade short below 865 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 2 August 2013

Today, 5770 is the crucial intraday level for Nifty.

If Nifty sustains below 5770 then it could test 5670 and below that level it could test 5630.
Instead, if Nifty trades above 5770, then it could test 5820.