Trading strategy and intraday tips -Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 7 May 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 740. Trade short below 725 for a target of 680.

Nifty Technical Outlook, Positional & Intraday Trading Levels, calls, and tips, 4 May 2012

Today, 5180 is the crucial intraday level for Nifty.

If Nifty sustains below 5180, then it could test 5130 and below that level it could test 5100.
Instead, if Nifty trades above 5180 then it could test 5230.