Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 9 May 2012

Reliance

Today, 700 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 700 is crucial for short term. Positional Traders, trade long above 700 for a target of 725. Trade short below 700 for a target of 680.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 8 May 2012

Today, 5130 is the crucial intraday level for Nifty.

If Nifty sustains below 5130, then it could test 5070 and below that level it could test 5030.
Instead, if Nifty trades above 5130 then it could test 5180.