Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 February 2011

Reliance

Today, 920 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 920 is crucial for short term. Positional Traders, trade long above 920 for a target of 935. Trade short below 920 for a target of 880.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 4 February 2011

Today, 5540 is the crucial intraday level for Nifty.

If Nifty sustains below 5540, then it could test 5485 and below that level it could test 5350.
Instead, if Nifty trades above 5540, then it could test 5620.