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

Reliance

Today, 817 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 817 is crucial for short term. Positional Traders, trade long above 817 for a target of 830. Trade short below 817 for a target of 790.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 1 October 2013

Today, 5780 is the crucial intraday level for Nifty.

If Nifty sustains below 5780, then it could test 5690 and below that level it could test 5650.
Instead, if Nifty trades above 5780, then it could test 5820.