Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 13 January 2011

Reliance

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

The level 1040 is crucial for short term. Positional Traders, trade long above 1040, for a target of 1075. Trade short below 1040 for a target of 980.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 12 January 2011

Today, 5835 is the crucial intraday level for Nifty.

If Nifty sustains below 5835, then it could test 5750 and below that level it could test 5690.
Instead, if Nifty trades above 5835, then it could test 5900.