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

Reliance

Today, 715 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 715 is crucial for short term. Positional Traders, trade long above 715 for a target of 730. Trade short below 715 for a target of 680.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 6 January 2012

Today, 4705 is the crucial intraday level for Nifty.

If Nifty sustains below 4705, then it could test 4675 and below that level it could test 4645.
Instead, if Nifty trades above 4705 then it could test 4740.