Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 9 January 2014

Reliance

Today, 840 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 840 is crucial for short term. Positional Traders, trade long above 840 for a target of 870. Trade short below 840 for a target of 820.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 8 January 2014

Today, 6200 is the crucial intraday level for Nifty.

If Nifty sustains below 6200, then it could test 6155 and below that level it could test 6140.
Instead, if Nifty trades above 6200, then it could test 6250.