Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 4 January 2012

Reliance

Today, 725 is the crucial intraday level. Trade long above that level and trade short below that level in the intraday.

The level 725 is crucial for short term. Positional Traders, trade long above 725 for a target of 745. Trade short below 725 for a target of 700.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 2 January 2012

Today, 4640 is the crucial intraday level for Nifty.

If Nifty sustains below 4640, then it could test 4600 and below that level it could test 4530.
Instead, if Nifty trades above 4640 then it could test 4670.