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

Reliance

Today, 1060 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 1060 is crucial for short term. Positional Traders, trade long above 1060 for a target of 1090. Trade short below 1060 for a target of 1010.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 6 April 2011

Today, 5890 is the crucial intraday level for Nifty.

If Nifty sustains below 5890, then it could test 5840 and below that level it could test 5780.
Instead, if Nifty trades above 5890, then it could test 5930.