Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 August 2011

Reliance

Today, 755 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 755 is crucial for short term. Positional Traders, trade long above 755 for a target of 780. Trade short below 755 for a target of 730.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 16 August 2011

Today, 5130 is the crucial intraday level for Nifty.

If Nifty sustains below 5130, then it could test 5100 and below that level it could test 5000.
Instead, if Nifty trades above 5130 then it could test 5170.