Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 7 May 2014

Reliance

Today, 975 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 975 is crucial for short term. Positional Traders, trade long above 975 for a target of 1000. Trade short below 975 for a target of 955.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 6 May 2014

Today, 6745 is the crucial intraday level for Nifty.

If Nifty sustains below 6745, then it could test 6720 and below that level it could test 6700.
Instead, if Nifty trades above 6745, then it could test 6850.