Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 August 2011

Reliance

Today, 800 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 800 is crucial for short term. Positional Traders, trade long above 800 for a target of 820. Trade short below 800 for a target of 770.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 3 August 2011

Today, 5435 is the crucial intraday level for Nifty.

If Nifty sustains below 5435, then it could test 5380 and below that level it could test 5340.
Instead, if Nifty trades above 5435 then it could test 5460.