Friday, March 05, 2010

Trading strategy-Reliance, Sbi, Axis Bank, Icici Bank, Tatasteel- 5 March

Reliance

Today, 1005 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1005 is crucial for short term. Positional Traders, trade long above 1005, for a target of 1050. Trade short below 1005 for a target of 900.

SBI
Today, 2050 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 2050 is crucial for short term. Positional Traders, trade long above 2050, for a target of 2120. Trade short below 2050 for a target of 1950.

Axis Bank
Today, 1100 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 1100 is crucial for short term. Positional Traders, trade long above 1100, for a target of 1180. Trade short below 1100 for a target of 1075.

Icici Bank
Today, 890 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 890 is crucial for short term. Positional Traders, trade long above 890, for a target of 930. Trade short below 890 for a target of 855.

Tata Steel
Today, 615 is the crucial intraday level. Trade long above that level and trade short below that level.

The level 615 is crucial for short term. Positional Traders, trade long above 615, for a target of 650. Trade short below 615 for a target of 590.