Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 2 May 2014

Reliance

Today, 930 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional Traders, trade long above 930 for a target of 965. Trade short below 930 for a target of 920.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 30 April 2014

Today, 6700 is the crucial intraday level for Nifty.

If Nifty sustains below 6700, then it could test 6665 and below that level it could test 6610.
Instead, if Nifty trades above 6700, then it could test 6800.