Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 16 July 2012

Reliance

Today, 730 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 730 is crucial for short term. Positional Traders, trade long above 735 for a target of 745. Trade short below 730 for a target of 700.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 13 July 2012

Today, 5240 is the crucial intraday level for Nifty.

If Nifty sustains below 5240, then it could test 5190 and below that level it could test 5140.
Instead, if Nifty trades above 5240 then it could test 5270.