Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 18 March 2014

Reliance

Today, 890 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 905. Trade short below 890 for a target of 860.

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

Today, 6545 is the crucial intraday level for Nifty.

If Nifty sustains below 6545, then it could test 6490 and below that level it could test 6420.
Instead, if Nifty trades above 6545, then it could test 6580.