Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 27 November 2013

Reliance

Today, 845 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 845 is crucial for short term. Positional Traders, trade long above 845 for a target of 855. Trade short below 845 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 26 November 2013

Today, 6120 is the crucial intraday level for Nifty.

If Nifty sustains below 6120 , then it could test 6050 and below that level it could test 6000.
Instead, if Nifty trades above 6120, then it could test 6135.