Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 17 October 2013

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 890. Trade short below 875 for a target of 835.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 14 October 2013

Today, 6110 is the crucial intraday level for Nifty.

If Nifty sustains below 6110, then it could test 6030 and below that level it could test 5950.
Instead, if Nifty trades above 6110, then it could test 6150.