Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 12 August 2011

Reliance

Today, 780 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 780 is crucial for short term. Positional Traders, trade long above 780 for a target of 795. Trade short below 780 for a target of 730.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 11 August 2011

Today, 5170 is the crucial intraday level for Nifty.

If Nifty sustains below 5170, then it could test 5100 and below that level it could test 5000.
Instead, if Nifty trades above 5170 then it could test 5250.