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

Reliance

Today, 905 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 905 is crucial for short term. Positional Traders, trade long above 905 for a target of 930. Trade short below 905 for a target of 865.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 November 2013

Today, 6280 is the crucial intraday level for Nifty.

If Nifty sustains below 6280 , then it could test 6200 and below that level it could test 6170.
Instead, if Nifty trades above 6280, then it could test 6320.