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

Reliance

Today, 930 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 930 is crucial for short term. Positional Traders, trade long above 930, for a target of 950. Trade short below 930 for a target of 870.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 2 February 2011

Today, 5485 is the crucial intraday level for Nifty.

If Nifty sustains below 5485, then it could test 5350 and below that level it could test 5250.
Instead, if Nifty trades above 5485, then it could test 5540.