Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 17 February 2011

Reliance

Today, 950 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 950 is crucial for short term. Positional Traders, trade long above 950 for a target of 990. Trade short below 950 for a target of 915.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 16 February 2011

Today, 5510 is the crucial intraday level for Nifty.

If Nifty sustains below 5510, then it could test 5460 and below that level it could test 5410.
Instead, if Nifty trades above 5510, then it could test 5550.