Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 March 2011

Reliance

Today, 990 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1010. Trade short below 990 for a target of 955.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 4 March 2011

Today, 5550 is the crucial intraday level for Nifty.

If Nifty sustains below 5550, then it could test 5450 and below that level it could test 5400.
Instead, if Nifty trades above 5550, then it could test 5620.