Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 April 2012

Reliance

Today, 740 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 740 is crucial for short term. Positional Traders, trade long above 740 for a target of 750. Trade short below 740 for a target of 700.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 11 April 2012

Today, 5225 is the crucial intraday level for Nifty.

If Nifty sustains below 5225, then it could test 5190 and below that level it could test 5130.
Instead, if Nifty trades above 5225 then it could test 5255.