Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 18 May 2011

Reliance

Today, 915 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 915 is crucial for short term. Positional Traders, trade long above 915 for a target of 940. Trade short below 915 for a target of 890.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 17 May 2011

Today, 5510 is the crucial intraday level for Nifty.

If Nifty sustains below 5510, then it could test 5450 and below that level it could test 5400.
Instead, if Nifty trades above 5510, then it could test 5550.