Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 June 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 720. Trade short below 700 for a target of 660.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 4 June 2012

Today, 4800 is the crucial intraday level for Nifty.

If Nifty sustains below 4800, then it could test 4750 and below that level it could test 4700.
Instead, if Nifty trades above 4800 then it could test 4840.