Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 14 January 2014

Reliance

Today, 870 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 870 is crucial for short term. Positional Traders, trade long above 870 for a target of 850. Trade short below 870 for a target of 910.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 13 January 2014

Today, 6200 is the crucial intraday level for Nifty.

If Nifty sustains below 6200, then it could test 6165 and below that level it could test 6140.
Instead, if Nifty trades above 6200, then it could test 6260.