Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 28 January 2014

Reliance

Today, 860 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 900. Trade short below 860 for a target of 840.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 24 January 2014

Today, 6355 is the crucial intraday level for Nifty.

If Nifty sustains below 6355, then it could test 6325 and below that level it could test 6280.
Instead, if Nifty trades above 6355, then it could test 6410.