Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 29 April 2014

Reliance

Today, 940 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 965. Trade short below 940 for a target of 930.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 28 April 2014

Today, 6790 is the crucial intraday level for Nifty.

If Nifty sustains below 6790, then it could test 6755 and below that level it could test 6735.
Instead, if Nifty trades above 6790, then it could test 6830.