Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 12 March 2014

Reliance

Today, 875 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 875 is crucial for short term. Positional Traders, trade long above 875 for a target of 900. Trade short below 875 for a target of 850.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 11 March 2014

Today, 6560 is the crucial intraday level for Nifty.

If Nifty sustains below 6560, then it could test 6520 and below that level it could test 6450.
Instead, if Nifty trades above 6560, then it could test 6600.