Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 December 2010

Reliance

Today, 980 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 980 is crucial for short term. Positional Traders, trade long above 980, for a target of 1020. Trade short below 980 for a target of 930.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 2 December 2010

Today, 6050 is the crucial intraday level for Nifty.

If Nifty sustains below 6050, then it could test 5960 and below that level it could test 5900.
Instead, if Nifty trades above 6050, then it could test 6120.