Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 23 June 2011

Reliance

Today, 860 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 860 is crucial for short term. Positional Traders, trade long above 860 for a target of 880. Trade short below 860 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 22 June 2011

Today, 5300 is the crucial intraday level for Nifty.

If Nifty sustains below 5300, then it could test 5250 and below that level it could test 5200.
Instead, if Nifty trades above 5300, then it could test 5340.