Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 3 May 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 995 for a target of 1005. Trade short below 990 for a target of 955.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 3 May 2011

Today, 5700 is the crucial intraday level for Nifty.

If Nifty sustains below 5700, then it could test 5640 and below that level it could test 5600.
Instead, if Nifty trades above 5700, then it could test 5735.