Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 23 October 2013

Reliance

Today, 895 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 895 is crucial for short term. Positional Traders, trade long above 895 for a target of 925. Trade short below 895 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 22 October 2013

Today, 6225 is the crucial intraday level for Nifty.

If Nifty sustains below 6225, then it could test 6130 and below that level it could test 6030.
Instead, if Nifty trades above 6225, then it could test 6260.