Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 October 2010

Reliance

Today, 1050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1050 is crucial for short term. Positional Traders, trade long above 1050, for a target of 1100. Trade short below 1050 for a target of 1020.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 7 October 2010

Today, 6195 is the crucial intraday level for Nifty.

If Nifty sustains below 6195, then it could test 6140 and below that level it could test 6080.
Instead, if Nifty trades above 6195, then it could test 6230.