Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 9 April 2014

Reliance

Today, 950 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 950 is crucial for short term. Positional Traders, trade long above 950 for a target of 965. Trade short below 950 for a target of 920.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 7 April 2014

Today, 6740 is the crucial intraday level for Nifty.

If Nifty sustains below 6740, then it could test 6680 and below that level it could test 6630.
Instead, if Nifty trades above 6740, then it could test 6790.