Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 19 August 2011

Reliance

Today, 740 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 740 is crucial for short term. Positional Traders, trade long above 740 for a target of 755. Trade short below 740 for a target of 680.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 18 August 2011

Today, 5075 is the crucial intraday level for Nifty.

If Nifty sustains below 5075, then it could test 5000 and below that level it could test 4950.
Instead, if Nifty trades above 5075 then it could test 5120.