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

Reliance

Today, 850 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 870. Trade short below 850 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 16 December 2013

Today, 6150 is the crucial intraday level for Nifty.

If Nifty sustains below 6150 , then it could test 6120 and below that level it could test 6080.
Instead, if Nifty trades above 6150, then it could test 6230.