Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 3 September 2013

Reliance

Today, 895 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 895 is crucial for short term. Positional Traders, trade long above 895 for a target of 905. Trade short below 895 for a target of 830.

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

Today, 5470 is the crucial intraday level for Nifty.

If Nifty sustains below 5470, then it could test 5420 and below that level it could test 5350.
Instead, if Nifty trades above 5470, then it could test 5510.