Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 21 January 2014

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 895. Trade short below 865 for a target of 855.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 20 January 2014

Today, 6270 is the crucial intraday level for Nifty.

If Nifty sustains below 6270, then it could test 6245 and below that level it could test 6230.
Instead, if Nifty trades above 6270, then it could test 6290.