Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 14 August 2012

Reliance

Today, 790 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 790 is crucial for short term. Positional Traders, trade long above 790 for a target of 800. Trade short below 790 for a target of 750.

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

Today, 5340 is the crucial intraday level for Nifty.

If Nifty sustains below 5340, then it could test 5290 and below that level it could test 5230.
Instead, if Nifty trades above 5340 then it could test 5380.