Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 15 March 2011

Reliance

Today, 1005 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005 for a target of 1040. Trade short below 1005 for a target of 965.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 14 March 2011

Today, 5470 is the crucial intraday level for Nifty.

If Nifty sustains below 5470, then it could test 5430 and below that level it could test 5400.
Instead, if Nifty trades above 5470, then it could test 5520.