Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 2 August 2011

Reliance

Today, 830 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 830 is crucial for short term. Positional Traders, trade long above 830 for a target of 855. Trade short below 830 for a target of 800.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 1 August 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 5450.
Instead, if Nifty trades above 5550, then it could test 5610.