Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 2 January 2014

Reliance

Today, 885 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 885 is crucial for short term. Positional Traders, trade long above 885 for a target of 905. Trade short below 885 for a target of 875.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 1 January 2014

Today, 6310 is the crucial intraday level for Nifty.

If Nifty sustains below 6310, then it could test 6270 and below that level it could test 6250.
Instead, if Nifty trades above 6310, then it could test 6350.