Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 10 September 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 890. Trade short below 870 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 September 2013

Today, 5600 is the crucial intraday level for Nifty.

If Nifty sustains below 5600, then it could test 5550 and below that level it could test 5450.
Instead, if Nifty trades above 5600, then it could test 5675.