Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 24 August 2011

Reliance

Today, 775 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 775 is crucial for short term. Positional Traders, trade long above 775 for a target of 795. Trade short below 775 for a target of 740.

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

Today, 4875 is the crucial intraday level for Nifty.

If Nifty sustains below 4875, then it could test 4835 and below that level it could test 4780.
Instead, if Nifty trades above 4875 then it could test 4950.