Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 January 2012

Reliance

Today, 730 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 730 is crucial for short term. Positional Traders, trade long above 730 for a target of 750. Trade short below 730 for a target of 685.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 12 January 2012

Today, 4875 is the crucial intraday level for Nifty.

If Nifty sustains below 4875, then it could test 4810 and below that level it could test 4770.
Instead, if Nifty trades above 4875 then it could test 4920.