Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 21 August 2013

Reliance

Today, 835 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 835 is crucial for short term. Positional Traders, trade long above 835 for a target of 855. Trade short below 835 for a target of 780.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 August 2013

Today, 5360 is the crucial intraday level for Nifty.

If Nifty sustains below 5360, then it could test 5320 and below that level it could test 5260.
Instead, if Nifty trades above 5360, then it could test 5410.