Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 8 June 2011

Reliance

Today, 965 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 965 is crucial for short term. Positional Traders, trade long above 965 for a target of 995. Trade short below 965 for a target of 935.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 7 June 2011

Today, 5550 is the crucial intraday level for Nifty.

If Nifty sustains below 5550, then it could test 5500 and below that level it could test 5460.
Instead, if Nifty trades above 5550, then it could test 5580.