Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 May

Reliance

Today, 1040 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1140. Trade short below 1040 for a target of 980.

Nifty - Technical Outlook and Intraday Trading Levels, 3 May

Today, 5260 is the crucial intraday level for Nifty.

If Nifty sustains below 5260, then it could test 5220.
Instead, if Nifty trades above 5260, then it could test 5300.

Short term Technical View of Nifty

For the short term, the level 5180 is crucial. If it sustains below this level, then it is likely to test 5100. Instead, if it trades above 5180, then it is likely to test 5400.