Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 January 2011

Reliance

Today, 1065 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1065 is crucial for short term. Positional Traders, trade long above 1065, for a target of 1085. Trade short below 1065 for a target of 1040.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 31 December 2010

Today, 6070 is the crucial intraday level for Nifty.

If Nifty sustains below 6070, then it could test 6020 and below that level it could test 5950.
Instead, if Nifty trades above 6070, then it could test 6140.