Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 October 2013

Reliance

Today, 850 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 865. Trade short below 850 for a target of 820.

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

Today, 5950 is the crucial intraday level for Nifty.

If Nifty sustains below 5950, then it could test 5860 and below that level it could test 5830.
Instead, if Nifty trades above 5950, then it could test 5970.