Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 June 2011

Reliance

Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 890 is crucial for short term. Positional Traders, trade long above 890 for a target of 930. Trade short below 890 for a target of 860.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 15 June 2011

Today, 5490 is the crucial intraday level for Nifty.

If Nifty sustains below 5490, then it could test 5460 and below that level it could test 5400.
Instead, if Nifty trades above 5490, then it could test 5525.