Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 6 August 2012

Reliance

Today, 750 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 750 is crucial for short term. Positional Traders, trade long above 750 for a target of 765. Trade short below 750 for a target of 715.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 2 August 2012

Today, 5255 is the crucial intraday level for Nifty.

If Nifty sustains below 5255, then it could test 5150 and below that level it could test 5110.
Instead, if Nifty trades above 5255 then it could test 5300.