Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 February 2012

Reliance

Today, 850 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 850 is crucial for short term. Positional Traders, trade long above 850 for a target of 870. Trade short below 850 for a target of 795.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 3 February 2012

Today, 5290 is the crucial intraday level for Nifty.

If Nifty sustains below 5290, then it could test 5240 and below that level it could test 5190.
Instead, if Nifty trades above 5290 then it could test 5325.