Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 May 2012

Reliance

Today, 705 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 705 is crucial for short term. Positional Traders, trade long above 705 for a target of 720. Trade short below 705 for a target of 670.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 21 May 2012

Today, 4935 is the crucial intraday level for Nifty.

If Nifty sustains below 4935, then it could test 4855 and below that level it could test 4830.
Instead, if Nifty trades above 4935 then it could test 4985.