Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 14 October 2013

Reliance

Today, 870 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 900. Trade short below 870 for a target of 820.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 October 2013

Today, 6030 is the crucial intraday level for Nifty.

If Nifty sustains below 6030, then it could test 5870 and below that level it could test 5780.
Instead, if Nifty trades above 6030, then it could test 6110.