Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 27 May 2011

Reliance

Today, 940 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 940 is crucial for short term. Positional Traders, trade long above 940 for a target of 970. Trade short below 940 for a target of 915.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 26 May 2011

Today, 5350 is the crucial intraday level for Nifty.

If Nifty sustains below 5350, then it could test 5240 and below that level it could test 5170.
Instead, if Nifty trades above 5350, then it could test 5420.