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

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 880. Trade short below 860 for a target of 830.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 4 September 2013

Today, 5450 is the crucial intraday level for Nifty.

If Nifty sustains below 5450, then it could test 5380 and below that level it could test 5350.
Instead, if Nifty trades above 5450, then it could test 5510.