Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 22 February 2011

Reliance

Today, 990 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 990 is crucial for short term. Positional Traders, trade long above 990 for a target of 1015. Trade short below 990 for a target of 960.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 22 February 2011

Today, 5480 is the crucial intraday level for Nifty.

If Nifty sustains below 5480, then it could test 5400 and below that level it could test 5350.
Instead, if Nifty trades above 5480, then it could test 5510.