Trading strategy - Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel - 6 June 2014

Reliance

Today, 1105 the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1105 is crucial for short term. Positional Traders, trade long above 1105 for a target of 1140. Trade short below 1105 for a target of 1040.

Nifty Technical Outlook, Positional & Intraday Trading Levels, 4 June 2014

Today, 7430 is the crucial intraday level for Nifty.

If Nifty sustains below 7430, then it could test 7320 and below that level it could test 7250.
Instead, if Nifty trades above 7430, then it could test 7500.