Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 March

Reliance

Today, 1015 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1050. Trade short below 1005 for a target of 900.

Nifty is likely to test 5180 shortly, if it sustains above 5000, 3 March

Earlier, I have given 4950 as the crucial level and also it was given that above that level it could 5050. Now Nifty has crossed 5050 level also and it looks it is likely to test 5180 in coming trading session. Going by the price pattern it seems Nifty is likely to remain above 4750 for another two months and it is likely to test 5300 in coming trading months in the upper side.