Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 May 2011

Reliance

Today, 960 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 960 is crucial for short term. Positional Traders, trade long above 960 for a target of 990. Trade short below 960 for a target of 915.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 6 May 2011

Today, 5450 is the crucial intraday level for Nifty.

If Nifty sustains below 5450, then it could test 5400 and below that level it could test 5350.
Instead, if Nifty trades above 5450, then it could test 5550.