Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 20 December 2013

Reliance

Today, 865 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 865 is crucial for short term. Positional Traders, trade long above 865 for a target of 870. Trade short below 865 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 19 December 2013

Today, 6260 is the crucial intraday level for Nifty.

If Nifty sustains below 6260 , then it could test 6190 and below that level it could test 6150.
Instead, if Nifty trades above 6260, then it could test 6320.