Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 24 October 2013

Reliance

Today, 900 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 900 is crucial for short term. Positional Traders, trade long above 900 for a target of 915. Trade short below 900 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 23 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.